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Honored Advisor
Posts: 17,891
Registered: ‎05-13-2010
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Re: Iowa Cash Rental Rate Question

The rental rate survey is a "piece of the puzzle", but 2 farms right next to each other can have different soil types, CSR ratings, one might be pattern tiled, one higher fertility than the other. 

 

And little nuances like if the farm up for rent is adjacent to a land hungry tenant, they`ll easily pay $20 more if they could just tear the fenceline out and plant right through.   Or maybe a tenant needs land for manure spreading and if it`s close to his buildings, it might be a good deal for him and the owner and willingly to pay a premium.