Agricultural Economics Department
Date of this Version
2013
Citation
Cornhusker Economics (July 31, 2013)
Abstract
Cash rental rates on irrigated land have been on a strong upward trend in recent years, which has continued into 2013. Obviously, with heavy demand tenants have tended to bid aggressively. In an effort to obtain leases, the practice of bidding on a straight per acre rate for both the irrigated cropland and the dryland crop acres in the corners has become more common by tenants. After several years with normal or above rainfall, yield differentials on dryland corner acres were small enough to convince some tenants to bid essentially a per acre irrigated cash rent for the whole cropland parcel.
COinS
Comments
Published by University of Nebraska–Lincoln Extension, Institute of Agriculture & Natural Resources, Department of Agricultural Economics. Copyright © [2013] Board of Regents, University of Nebraska. http://agecon.unl.edu/cornhuskereconomics