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Cash rents are up, again

At $178 per acre, Ohio has the most expensive cropland cash rental rate in the region.

Chris Torres, Editor, American Agriculturist

August 25, 2023

4 Min Read
A close up of a farmer's hand holding a money with a field of crops in the background
PRICIER LAND: Mirroring the national trend, cropland cash rental rates across the region were up again this year, although most places are still less than the national average. Andrii Yalanskyi/Getty Images

Mirroring the national trend, cropland cash rental rates across the region were up again this year. 

Survey data from the National Agricultural Statistics Service show Ohio with the highest average cash rental rate at $178 an acre, followed by Michigan at $148 an acre.

Pennsylvania’s average cropland cash rental rate is $107 an acre, while New York’s is $79.50 an acre. The lowest cropland cash rental rate is in West Virginia at $45 an acre.

Renting irrigated land costs most in Massachusetts — home to a large cranberry-growing industry —at $301 an acre, followed by Michigan at $259 an acre, Ohio at $225 an acre and Maryland at $212 an acre.

Rented pastureland costs most in Maryland at $50.50 an acre, and costs least in West Virginia at $14 an acre.

Still less than average

The average cropland cash rental rate in the U.S. is $155 an acre this year, up $7 from last year, while the national average for rented irrigated land is $237 an acre, up $10 an acre, and nonirrigated land is at $142 an acre, up $7 an acre.

Rented pastureland averages $15 an acre, up $1 from last year.

Ohio is the only state in the region where the average cash rental rate and average nonirrigated cash rental rate is higher than the national averages. Irrigated cash rental rates in Massachusetts and Michigan are higher than the national average.

On the flip side, West Virginia is the only state in the region where the pastureland rental rate is less than the national average; most states are much higher.

How the survey is conducted

The NASS Cash Rents Survey was conducted from mid-February to June. About 280,000 farms and ranches across the U.S. were contacted for their total acres operated and acres rented for cash for each land-use category. 

How to use

You can access the tool and do your own research at bit.ly/44dJd0C.

You will need to specify “geographical regions” and “years.” In most cases, you will be able to get irrigated and nonirrigated cropland rental rates, as well as pastureland rental rates.

County-level cash rental rates will be released later.

Other resources

Of course, there are many resources out there if you’re interested in renting land or want to lease some of your land to another grower.

This Farm Progress article from 2017 has some good tips on how to negotiate a land rental rate.

Some states do their own cash rental surveys. The Western Ohio Cropland Values and Cash Rents survey is online but has not been updated yet for this year. The results are summarized for western Ohio, with regional summaries for northwest Ohio and southwest Ohio.

NY Farmland Finder has an online checklist for pricing rented acres, as well as a guide for leasing farmland.

Iowa State Extension’s Ag Decision Maker also has a handy guide for computing cash rental rates.

Here are the 2023 cash rental rates by state in the mid-Atlantic and Northeast, as well as Michigan and Ohio:

Connecticut

Nonirrigated: $85 an acre, down from $86 an acre

Delaware

Average: $123 an acre, up from $117 an acre

Irrigated: $183 an acre, up from $174 an acre

Nonirrigated: $97.5 an acre, up from $94.5 an acre

Maine

Nonirrigated: $69 an acre, up from $60 an acre  

Maryland

Average: $123 an acre, up from $117 an acre

Irrigated: $212 an acre, up from $201 an acre

Nonirrigated: $117 an acre, up from $111 an acre

Pastureland: $50.5 an acre, down from $51 an acre

Massachusetts

Average: $112 an acre, up from $106 an acre

Irrigated: $301 an acre, up from $284 an acre

Nonirrigated: $90.5 an acre, up from $87.5 an acre

Pastureland: $27.5 an acre

Michigan

Average: $148 an acre, up from $144 an acre

Irrigated: $259 an acre, up from $243 an acre

Nonirrigated: $140 an acre, up from $137 an acre

Pastureland: $29.5 an acre, down from $32 an acre

New Hampshire

Average: $55.5 an acre, down from $56 an acre

Nonirrigated: $51.5 an acre, no change

New Jersey

Average: $82.5 an acre, down from $84.5 an acre

Irrigated: $144 an acre, up from $136 an acre

Nonirrigated: $70.5 an acre, down from $75.5 an acre

New York

Average: $79.5 an acre, up from $77 an acre

Irrigated: $172 an acre, up from $163 an acre

Nonirrigated: $78.5 an acre, up from $76 an acre

Pastureland: $25 an acre, no change

Ohio

Average: $178 an acre, up from $170 an acre

Irrigated: $225 an acre, up from $208 an acre

Nonirrigated: $178 an acre, up from $170 an acre

Pastureland: $26 an acre, up from $25.5 an acre

Pennsylvania

Average: $107 an acre, up from $101 an acre

Irrigated: $172 an acre, up from $162 an acre

Nonirrigated: $106 an acre, up from $100 an acre

Pastureland: $41.50 an acre, up from $40.5 an acre

Vermont

Average: $60.50 an acre, up from $58.5 an acre

Nonirrigated: $59.50 an acre, up from $58 an acre

Pastureland: $29 an acre

West Virginia

Average: $45 an acre, up from $41.50 an acre

Pastureland: $14 an acre, up from $12 an acre

Read more about:

Land RentalFarmland

About the Author(s)

Chris Torres

Editor, American Agriculturist

Chris Torres, editor of American Agriculturist, previously worked at Lancaster Farming, where he started in 2006 as a staff writer and later became regional editor. Torres is a seven-time winner of the Keystone Press Awards, handed out by the Pennsylvania Press Association, and he is a Pennsylvania State University graduate.

Torres says he wants American Agriculturist to be farmers' "go-to product, continuing the legacy and high standard (former American Agriculturist editor) John Vogel has set." Torres succeeds Vogel, who retired after 47 years with Farm Progress and its related publications.

"The news business is a challenging job," Torres says. "It makes you think outside your small box, and you have to formulate what the reader wants to see from the overall product. It's rewarding to see a nice product in the end."

Torres' family is based in Lebanon County, Pa. His wife grew up on a small farm in Berks County, Pa., where they raised corn, soybeans, feeder cattle and more. Torres and his wife are parents to three young boys.

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