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 - Farming Never Left My Blood - by Stan Gordon. I was born in 1947 youngest of ten of a working farm. Our farm was located in Saskatchewan near Saskatoon. We had a mixed farm consisting of grain and dairy all done with old machinery and by hand. My dad had a tractor, a Farmall A which was used mostly to run the thrashing machine, a seed drill and for plowing. I remember locals used to help each other and threshing was done from daylight to after dark, one farm to another until all farms were done.
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For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
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