The past 3 years had some good crop prices, in a typical grain growing location rents should have gone up. Last year I put prices were crazy high, fuel fertilizer iron.... last year was a struggle to stay in the black.
Next year some costs are lower, but grain prices have fallen as well so looking for a big increase in rent for 2024 is unrealistic.
Now we come to the local factor..... what crops are grown there, what is the quality of your dirt, what is the shape and size of your fields. And what is the demand and supply of farm land.....
We can talk generally, but it comes down to selling or buying a used car. What condition is it, what model is it, does it have the features buyers want.
One used car will sell for $4000, another will sell for $21,000.
Good dirt will always bring good prices. Poor stuff will rise and fall as markets and demand ebb and flow.
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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