The past 3 years had some good crop prices, in a typical grain growing location rents should have gone up. Last year I put prices were crazy high, fuel fertilizer iron.... last year was a struggle to stay in the black.
Next year some costs are lower, but grain prices have fallen as well so looking for a big increase in rent for 2024 is unrealistic.
Now we come to the local factor..... what crops are grown there, what is the quality of your dirt, what is the shape and size of your fields. And what is the demand and supply of farm land.....
We can talk generally, but it comes down to selling or buying a used car. What condition is it, what model is it, does it have the features buyers want.
One used car will sell for $4000, another will sell for $21,000.
Good dirt will always bring good prices. Poor stuff will rise and fall as markets and demand ebb and flow.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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