Tuesday, July 24, 2012

Flexibility in Farmland Leasing

From WJBC: “Certainly Illinois is unique, because we are one of the leading states in the number of acres that are not owned by farmers. About 62 percent of the farmland is rented by farmers from someone else. Most of the states, even in the Midwest, have a much higher farmer-owner rate, and so the rental area of Illinois is always a hot topic,” explained Don Meyer, a broker with Lee Realty working in real estate and farm management. ... Many farmers have had questions in the last five to ten years about variations on cash leases. Some who are locked into a fixed rate would now like to be more involved in sharing the risk, as well as the reward. Read more...

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