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.

Non-Irrigated

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

Irrigated

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