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Cash Rents Continue Adjusting

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Title: Cash Rents Continue Adjusting
Author: Johnson, Jerome E.
Description: The 'cash' rents per acre in North Dakota changed very little from 1986 - 1990. The effects of good rainfall and commodity prices affect cash rents. The farmland rental market allows for adjustments in the use of land resources, giving the tenant control over piece of land for a small annual charge. The downside is that many land owners demand upfront, full, cash payment at the time of the contract signing regardless of the crop outcome due to unforeseen weather conditions which may affect crop yields. The payment arrangements of cash, crop share and cash/crop share were noted with cash coming out on top with land owners. Drought is cited as being the most important factor in determining crop productivity. The state average in pastureland cash rental increased an estimated 2% to $9.26 per acre in 1990. This was perceived as being part of a continuing upward trend since the low average of $7.54 per acre in 1986. Higher rents are paid for irrigated lands or those with higher net yields whereas lower rents for range lands.
Date: 1991
Subject: Economics
Permalink: http://hdl.handle.net/10365/8999

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