I would not bet that the prices will go up very much. The grain farm income is going to take a major hit this year. The high flying days of the last few years are over. No amount of insurance is going to cover what these guys have in this year's crop. They may get the inputs covered but they will not have the 200-400 profit an acre that they have been having.
I already know three guys the bank has put on a watch. They are not going in any deeper with them on operating money. Plus many of the larger grain guys have been on an equipment buying binge. That equipment will have payments that will have to be made too.
It is going to be fun to see how many of the high rents will still be that way next year.
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