An extension educator says cash rental rates in Michigan are highly reflective of local dynamics.
Jon LaPorte with Michigan State University tells Brownfield, “Some counties actually saw a little bit of a dip down in their rental rates where others definitely saw a huge increase.”
Irrigated farmland had the highest rental values in 2022 which LaPorte says is likely because of the diverse mix of crops grown. In some counties, rates are nearly double what they were 10 years ago.
