University of Maryland Extension

Maryland Cash Rents

Author: 
Paul Goeringer

            Late last week, USDA’s National Agricultural Statistic Service (NASS) updated data on cash rent paid by farmers in 2014.  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.

            One important note: many of you often ask me just what is a good cash rent price.  I honestly have no idea what a good cash rent price is for you, or the other party, based on the farmland.  The averages will give you a good starting point, but you should always consider determining what a good price is for you.  Resources exist at http://www.aglease101.org to help you calculate a cash rent, a crop-share rent, or a flex-cash rent.  Utilizing these resources first can help you determine rent prices that will work for you.

To see the breakdown between Maryland and Delaware, click here.  To learn more about ag leases, see the UME Grain Marketing page's section on Agricultural Leases.

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