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More farmers are walking away from high land rent

Nov 20, 2017, 21:01 PM by System
More farmers are walking away from high land rent

An agricultural lender says more producers are walking away from rented land.

Jase Wagner is Chief Financial Officer for Compeer Financial, and he tells Brownfield   “Yeah, we’re definitely seeing the ceiling.  It’s different across our territory in Minnesota down through Illinois on where that ceiling is, but many of those have reached that ceiling or are above it, to be quite honest, in today’s land values and prices.”

Wagner tells Brownfield more of his producer clients are making the tough choice to let go of land they’ve cropped for years. 

Continue reading More farmers are walking away from high land rent at Brownfield Ag News.

     

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