The National Agricultural Statistical Service recently released 2009 cash rents for counties across the United States. A map showing Illinois cash rents is avaialb on the NASS website. A map also is available in a recent Illinois Farm Economics: Facts and Opinions (FEF0). This article also compares 2009 cash rents to 2008 levels.
NASS data presents a mixed picture. Some counties had cash rent increases while other counties had cash rent decreases. There does seem to be some geographical dispersion in cash rent changes in that counties with dcreaes apper to be adjacent to one another (see figure). After several years of large increases in cash rents, 2009 presented more of a stabilizing year in cash rents.
Another item to note is that some counties had large changes in cash rents between 2008 and 2009. In the FEFO article, I suggest that this is likely due to 1) local factors impacting cash rents and 2) sample variability when attempting to determine the average cash rent.
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