Many farmers are preparing for next year, and that includes figuring out rent prices.
A new survey shows cash rents in Illinois are set to fall next year.
“We did a survey of the Illinois Society of Professional Farm Managers and Rural Appraisers. We did that in August, and they were saying that their 2025 leases would be down $25 per acre from this year. So, just to give you a feel, we are projecting for Illinois FBFM farms something below $30,000 of net income for 2024. Cash rents went up from 2020 to 2025 by an average of about $40 in the state. So we’re beginning to see a retrenchment. A $25 reduction will help. It won’t get us back to the profitability levels, but it’s a start in that direction,” said Gary Schnitkey.
Analysts recommend farmers work to lower cash rent obligations for next year, while also paying close attention to inputs needs and costs.
Chad Fiechter joins us to discuss Purdue’s precision ag study, challenges in capturing value from technology, and what farmers should consider when investing in and adopting these tools.
April 30, 2026 04:40 PM
·
Farm Bureau Economist Dr. Faith Parum discusses USDA’s efforts to expand fertilizer capacity, signals for farm profitability, and AFBF’s Farm Bill expectations.
April 30, 2026 01:22 PM
·
Authorities say the drones were recovered during a routine inspection after being stolen last month.
April 30, 2026 12:23 PM
·
John Mays with Central Life Sciences joins us to discuss the importance of pest management ahead of wheat storage and how protecting grain quality can support stronger marketing opportunities.
April 29, 2026 03:18 PM
·
University of Arkansas researchers are working to help farmers reduce grain waste and get more value out of their crops.
April 29, 2026 03:03 PM
·
ASFMRA’s Luke Worrell joined us to discuss farmland market trends, insights from the Illinois Land Values Conference, changing buyer and seller demographics, and the latest outlook on planting progress.
April 29, 2026 02:34 PM
·
