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When corn prices topped seven dollars a bushel a few years ago, farmland prices shot up and cash rental rates followed.

 

As a result, many farmers are finding the higher cash rental rates just don’t pencil out. U of I ag economist Gary Schnitkey told attendees at Farm Bureau Farm Income and Innovation Conference Wednesday that cash rental rates came down a bit last year, but we more declines for farmers to stay profitable in a world of three dollar corn.

 

 

U of I ag Economist Gary Schnitkey 

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