USDA has released estimated Cash Rents per acre (ac) for Illinois counties. The numbers are voluntarily self-reported and not necessarily representative of current cash rent levels. Per the author, these figures are likely low compared to the marketplace. Some counties are not reported due to a lack of farmer response. Responses likely include long term rents not adjusted to the current market and less than arms-length agreements between family and friends. These figures are also averages which do not reflect the quality of an individual farm within a county.
Local County Cash Rents per USDA non-irrigated:
- Tazewell $280 per/ac up $41 per/ac from 2021
- Peoria $236 per/ac up $19 per/ac from 2021
- Mason $247 per/ac up $23 per/ac from 2021
- Fulton $257 per/ac up $40 per/ac from 2021
USDA has released estimated Cash Rent per acre on irrigated farmland for Illinois counties. Peoria and Fulton counties were not reported due to lack of reports.
Local County Cash Rents per USDA Irrigated:
- Mason $271 per/ac up $33 per/ac from 2021
- Tazewell $286 per/ac up $31 per/ac from 2021
Source: USDA August 2022
USDA August 2021
MEET THE AUTHOR
Kevin Brooks is the Farm Business Management and Marketing Educator for Fulton, Mason, Peoria, and Tazewell counties. He grew up on a corn and hog farm in Iowa. He received his bachelor of science degree in agriculture business from Truman State University and his master of science degree from University of Missouri in agriculture education.
Kevin is licensed in Illinois as a real estate broker with harVestco LLC in Champaign, IL. He has professionally managed and consulted on over 25,000 acres of farmland and marketed grain for farm management customers as a professional farm management and trust officer. Kevin has taught Farm Management, Agri Business Management, Crop Science, Crop Production, Soil Science, Pesticide Application, Grain Marketing, and General Horticulture at the college level.
Kevin holds agriculture teaching certifications in Illinois and Missouri. He is also a commercially licensed UAS (drone) pilot holding an FAA Part 107 license. He has worked in agricultural input sales (farm chemicals and seed) and is trained in agronomy through Purdue University and Iowa State University. Early in his career he worked for USDA, as a Farm Management Specialist, working primarily on farm loan analysis.
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Farm Coach helps farmers and landowners navigate the rapidly changing farm management environment of today's world.