Farm Tenure and Cash Rents in the United States

Robert D. Reinsel and Bruce Johnson

No 307411, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: Fifty-five percent of the 392 million acres of farmland rented in 1964 were rented for cash. Between 1961 and 1968, gross cash rents per acre increased at a slower rate than land values; landlord expenditures per acre also increased. Thus, net rents moved up even more slowly than gross rents and rent-to-value ratios declined. Cash renting is increasing in the United States, in part because of increased renting by part owners, who tend to use cash leases more frequently than do full tenants. The increase in farm size and capital needs that is associated with a continuing trend toward part ownership and what appears to be a general shift from share renting implies a greater reliance on cash renting in the future. The report also describes methodology used in determining the acreage of cash-rented land.

Keywords: Farm Management; Labor and Human Capital; Land Economics/Use (search for similar items in EconPapers)
Pages: 35
Date: 1970-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307411

DOI: 10.22004/ag.econ.307411

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