IARN — One of the biggest questions farmers are asking is what their land rent rates will be next year. With higher land values, farmers are expecting rent to be the next big input cost increase in an uncertain time. As farmers are working to lock in other inputs such as fertilizers and seeds for 2023, they really need to know how many acres they will be farming before they can start.
Farm Credit Services recently finished a 12-month regional land value survey in Iowa, Nebraska, South Dakota, and Wyoming. Tim Koch is Executive VP of Business Development for FCS. He says Iowa showed the largest gains.
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Photo by Riley Smith