Farmland rental rates continue to climb in 2012
New report released by National Agricultural Statistic Service (NASS) USDA in a survey of Michigan farm operators reported a general increase in farmland cash rental rates for 2012.
One of the most important components of a farming operation is the land which is used to grow the crops. Most farms utilize a combination of owned and rented land as their base of operations. Farmland rental rates have been climbing over the past several years and that trend has continued in 2012 cash rental rates as reported by a NASS USDA report released this month.
A summary of some of the Thumb/Saginaw Valley counties can be found in a special Farmland Rental report on my website. The report compiles cash rental values that farmers have reported over the past five years.