Oklahoma's Latest Farm
And Ranch News

Your Update from Ron Hays of RON
Tuesday, April 13, 2021
Land rentals Reported for Crops, Pasture  
The cost to rent cropland held steady through the pandemic last year while pasture rentals fell slightly overall, according to the latest studies by Oklahoma State University Extension.

The biannual pair of market surveys of agricultural landowners found mixed results, said Roger Sahs, OSU Extension agricultural economist.

“People reading this data might be somewhat surprised and have questions about crop commodity prices, which were dismal and disappointing in the past two growing seasons, especially wheat,” he said. “By the same token, we’ve had some excellent crop production and yields, which has helped provide additional farm income, providing some sense of steadiness.”

The market overview is updated every two years with assistance from the U.S. Department of Agriculture’s National Agricultural Statistics Service and is one of the most popular data sets released through OSU Extension.

In consideration of the cropland rental study, Sahs said, “The question now is, what comes next? If both parties – landlord and tenant – share the same sense of enthusiasm and optimism, and they expect circumstances to continue, that will provide support to cropland rental prices going forward.”

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Ron Hays
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