What's land doing these days and going into spring? Are they being adjusted downward?
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the guys i hang around with get around 8 dollars for there wheat and 60 plus bu a acre,we tell or text each other if there is a deal on prices to lock in .should say alot of there wheat.rent-100,fert-100,spray-app 60,seed-25,miscellaous-65= 350 expenses and am i not high.60 plus wheat x 7.50 wheat= 450 dollars,100 dollar acre profit.correct me if im wrong on my figures.
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Rent is driven by supply and demand here. That's it. There are aggressive farmers wanting more acres and there are limited acres available. Higher rent values ration the land to those needing or willing to risk high rental rates.
ROI is a distant second.
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