Rents have trended up in the region
The U.S. Department of Agriculture’s 2013 cash rent data released this fall showed that farmers in most of the counties in west central Minnesota were paying higher average cash rent for non-irrigated cropland than in 2012. Most but not all of the counties also had increased year to year since 2010.
Data collection for the 2013 cash rent survey was conducted in June, according to information shared this fall by Wes Nelson, executive director of the USDA Farm Service Agency in Kandiyohi County.
According to the survey results, cash rent for non-irrigated Minnesota cropland averaged $177 per acre in 2013, an increase of $27 from the 2012 average, Nelson reported.
Minnesota had 34 counties with non-irrigated cropland cash rents of $200 per acre or more in 2013, compared with 18 counties in 2012. Martin County had the highest cash rental rate, at $274 per acre.
Average cash rent increased each of the past four years in Kandiyohi County, for example, from $154 per acre in 2010 to $168 in 2011, $176 in 2012 and $236 in 2013.
Swift County showed a similar trend, with average cash rent of $126 per acre in 2010, $139 in 2011, $146 in 2012 and $180 in 2013.
Renville County increased from an average of $163 per acre in 2010 to $197 in 2011, but then fell slightly to $194 in 2012 before increasing to $220 in 2013.
Chippewa and Yellow Medicine counties were the only other two in the area that broke the $200-mark in 2013 for cash rent averages, according to the survey data. Chippewa County reported $212, up from $170 in 2012 and Yellow Medicine had $204, up from $179 in 2012.