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Indiana cash rents on the rise

As Indiana corn and soybean prices generate higher farm income, farmers could pay more to rent farm ground in 2012. Purdue Extension Ag economist Craig Dobbins says the 13 percent in cash rents farmers saw in 2011 is the third largest in the history of the Purdue farmland Survey.

Dobbins says even though farmers expect to pay more for inputs, the increase in grain prices have been larger. Dobbins said those factors combined with the likelihood of continuing low interest rates could result in another upward movement in cash rent prices.

Dobbins says farmers could see cash rents increase as much as they did in 2011.