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.
Spring Fieldwork Progress Mixed As Moisture Slows Activity
April 06, 2026 10:28 AM
·
Charly Cummings with Superior Livestock Auctions provides a real-time look at cattle market activity, demand trends, and what lies ahead for upcoming livestock auctions in Texas.
April 02, 2026 04:43 PM
·
Rancher and Americans for Prosperity Director Tyler Lindholm breaks down the Wyoming Food Freedom Act, clarifies licensing questions, and discusses the future of local agriculture in the state.
April 02, 2026 03:43 PM
·
Farm Bureau Economist Dr. Faith Parum warns farmers to brace for more losses as the war in Iran sends shockwaves through the ag economy and raises input costs even further.
April 02, 2026 01:31 PM
·
Margin pressure and competitiveness concerns are shaping cautious outlooks.
April 02, 2026 12:40 PM
·
Rising fertilizer costs tied to tariffs are tightening margins for U.S. wheat growers, according to new data from the National Association of Wheat Growers.
April 02, 2026 10:54 AM
·
