County level data on cash rental rates for agricultural land have been published by the U.S. Department of Agriculture’s National Agricultural Statistics Service (USDA/NASS). The information, which is available online, includes average rental rates for irrigated and non-irrigated cropland, and pastureland during the 2014 calendar year. Highlights from this year’s results include: Indiana’s cropland cash rent was $195 per acre in 2014, up $3 from the previous year. Cropland cash rents in the Corn Belt region increased $3 from last year to $212. Pasture cash rents in the Corn Belt region decreased $1.00 to $34.50 per acre. Pasture cash rent in Indiana was $40.00.
For Indiana and all other state data, go to: http://quickstats/nass.usda.gov. Once there, highlight the following: program=survey, sector=economics, group=expenses, commodity=rent, data item=your choice
The information is based on data NASS gathered from over 200,000 agricultural producers nationwide during the 2014 county level cash rents survey. There were over 8,200 producers sampled in Indiana during the 2014 survey.
In counties that are unpublished, NASS did not receive enough survey responses to publish a reliable estimate. In these instances, the rental values are combined with those of other unpublished counties and included in the ‘other county total’ within the district.
The 2014 county cash rental rates data for cropland and pasture for Indiana and all other states are available online.