NEWS
$3 Corn Subdues Bids
Marcia Zarley Taylor DTN Executive Editor
Fri Mar 27, 2015 07:30 AM CDT

HADDONFIELD, N.J. (DTN) -- Some sky-high cash rents are coming back to earth. For the first time this century, Corn Belt cash rents are beginning to recede, particularly in areas where 2014 sub-par yields pounded local farm incomes last fall.

In Council Bluffs, Iowa, farm manager David Thien just finished his last lease this week, two months behind his preferred schedule. "In 2014, we had a lot of rents in this area at $275 to $300 per acre. Those leases were relatively easy to negotiate with a 5% to 10% reduction in 2015," Thien said. "It's been the $350 to ...

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