News

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.