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Cash rents more stable than expected
Cash rents have declined, but not as much as some would
assume in this sixth straight year of depressed farm incomes. Farmers National Company says cash rents have
stayed about steady with only a minor downward drift. Farmer interest in renting
land is strong enough in most areas to keep cash rents from steep declines.
Despite pressure on farm income, Farmers National Company says most producers
want to farm more land, or at least maintain their acreage base, so they can spread
out fixed costs.
The farm management company says there are uncertainties clouding the 2020 farm
rental market. Farmers National Company says resolution of trade issues, 2019 weather
and yields, crop demand, and government trade disruption payments will play into
next year’s rental market.
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