Date of this Version
Cornhusker Economics (July 31, 2013)
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.