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Cash Rents Continue Adjusting

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dc.contributor.author Johnson, Jerome E.
dc.rights North Dakota State University en_US
dc.title Cash Rents Continue Adjusting en_US
dc.type Article en_US
dc.source North Dakota Farm Research: Vol. 48, No. 04, pgs. 15-17 en_US
dc.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.
dc.date.accessioned 2010-05-05T21:38:51Z
dc.date.available 2010-05-05T21:38:51Z
dc.date.issued 2010-05-05
dc.identifier.uri http://hdl.handle.net/10365/8999
dc.date 1991 en_US
dc.subject Economics en_US
dc.subject Leasing en_US

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