Cash rental rates have trended upward throughout Mississippi in all four geographic/soil regions while share rental rates have remained relatively constant. However, cash rental agreements have become more common relative to share contracts as the number of share contracts have dwindled according to surveys conducted by Mississippi State.
Rental rates for corn producers have seen rate increases of around 25% since 2008 with the exception of the Hills Region which was about the same in 2012 as in 2008. Soybean producers have seen more modest increases in cash rental rates during the same period with the exception of the lower delta with a rate increase of 21%. Generally cotton producers are paying higher rental rates as well, especially in the hills region where rates were 75% higher than those in 2008.
|
Year/Region |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
|
——Cash Rent Corn—– |
||||||||
| Upper Delta |
80.80 |
97.44 |
83.43 |
89.32 |
87.36 |
101.04 |
97.94 |
115.79 |
| Lower Delta |
70.19 |
89.23 |
85.73 |
95.95 |
116.82 |
111.19 |
112.31 |
118.46 |
| Loam/ Lower Coastal |
65.80 |
74.38 |
54.06 |
47.84 |
62.06 |
54.38 |
49.71 |
60.23 |
| Hills Region |
36.00 |
49.16 |
34.46 |
56.38 |
39.63 |
44.72 |
56.81 |
55.01 |
|
——% Share Rent Corn—— |
||||||||
| Upper Delta |
21.8 |
. |
26.5 |
. |
24.0 |
. |
24.0 |
. |
| Lower Delta |
. |
20.0 |
25.0 |
20.0 |
23.3 |
. |
20.0 |
20.0 |
| Loam/ Lower Coastal |
25.0 |
20.0 |
18.8 |
16.7 |
20.0 |
20.0 |
20.0 |
25.0 |
| Hills Region |
22.1 |
25.2 |
23.3 |
23.8 |
23.3 |
20.0 |
21.7 |
22.1 |
| Year/Region |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
|
——Cash Rent Soy—– |
||||||||
| Upper Delta |
61.60 |
62.80 |
63.04 |
73.04 |
77.08 |
89.44 |
92.69 |
70.27 |
| Lower Delta |
58.87 |
69.36 |
77.58 |
80.62 |
90.34 |
91.94 |
78.06 |
97.62 |
| Loam/ Lower Coastal |
43.43 |
58.25 |
50.45 |
50.25 |
45.74 |
55.16 |
56.42 |
54.00 |
| Hills Region |
37.37 |
28.75 |
34.28 |
39.44 |
37.55 |
41.42 |
36.11 |
41.42 |
|
——% Share Rent Soy—— |
||||||||
| Upper Delta |
25 |
25 |
25 |
22 |
25 |
25 |
25 |
25 |
| Lower Delta |
. |
. |
. |
25 |
25 |
23 |
20 |
25 |
| Loam/ Lower Coastal |
24 |
23 |
24 |
20 |
20 |
20 |
23 |
21 |
| Hills Region |
22 |
24 |
23 |
22 |
23 |
34 |
22 |
20 |
| Year/Region |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
|
——Cash Rent Cotton—– |
||||||||
| Upper Delta |
85.96 |
97.44 |
79.68 |
94.46 |
85.36 |
93.33 |
109.21 |
105.75 |
| Lower Delta |
83.41 |
89.23 |
88.88 |
100.00 |
106.84 |
106.95 |
116.92 |
120.62 |
| Loam/ Lower Coastal |
71.93 |
74.38 |
66.94 |
75.00 |
77.50 |
87.50 |
89.85 |
71.25 |
| Hills Region |
51.66 |
49.46 |
41.42 |
49.00 |
42.50 |
58.57 |
69.35 |
85.90 |
|
——% Share Rent Cotton—— |
||||||||
| Upper Delta |
25.00 |
0.00 |
21.66 |
20.00 |
25.00 |
22.50 |
. |
23.33 |
| Lower Delta |
. |
20.00 |
. |
. |
20.00 |
20.00 |
. |
21.66 |
| Loam/ Lower Coastal |
23.00 |
20.00 |
20.00 |
22.00 |
21.11 |
21.11 |
21.66 |
21.66 |
| Hills Region |
23.88 |
25.20 |
18.85 |
0.00 |
25.00 |
25.00 |
20.00 |
20.00 |
corn cotton and soybeans 7 year
While commodity prices have declined in 2013. Rental rates and land prices can be slow to react and expectations of higher prices in the future may continue upward pressure on prices or support rates from the previous year.
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