Farm operators looking for lower cash rents in 2016 saw a downturn, but not the amount they were expecting. In our survey of LandOwner subscribers and Pro Farmer Members, conducted by our partners at Doane Ag Research, 36% of respondents said their rate declined by less than 10% and 18% said their rent decreased by 10% or more. Some 42% said their cash rental rate remained unchanged for 2016.
While 54% reported a decline of some sort, that is 26% lower than the 73% who said they anticipated a reduction in their 2016 cash rent found in our fall survey. In addition, our fall survey indicated 25% of respondents anticipated their 2016 cash rent to remain unchanged. However, our March survey finds 42% reporting no change in their cash rental rate.