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Cash rental rates remain strong
A farmland market expert says cash rental rates have been strong across parts of the Corn Belt.
Jim Rothermich is the vice president of Iowa Appraisal and says, “I have seen no weakness in the cash rent auctions I pick up. It’s steamrolling right along.”
He tells Brownfield rates have been higher compared to 2024. “I’m surprised how strong it’s been. The leases I’ve seen have been two, three, four, or even five-year leases.”
Rothermich says many farmers are still leasing ground despite some challenges in the ag economy. “I don’t think people sign up to lose money. I think they see some profits coming in the future.”
A recent survey from the University of Illinois says 50% of farm managers expect cash rents in 2026 to be the same as 2025, while 50% expect 2026 rents to decrease.
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