Photo by Edwin Remsberg
USDA’s National Agricultural Statistic Service (NASS) updated data on cash rent paid by farmers in 2015. NASS collects this data from 240,000 farms across the United States annually through the Cash Rent Survey - data used by other agencies throughout USDA. The survey results can also give us an idea of what other tenants in the area may be paying per acre for farmland.
To continue reading, click over to the Maryland Risk Management Education blog.