Cash rental rates for Mercer County farmland averaging $208 an acre. That information released earlier this month by USDA. Like farmland values, cash rents are declining slightly statewide, but there’s still a lot of variability says Ray Brownfield, owner and managing broker of Land Pro LLC.
Cash rents are averaging $224 per acre in Rock Island County, $230 in Henry County, $244 in Warren County, $231 in Knox County and $224 in Henderson County. The highest cash rent average in Illinois is $289 per acre in Logan County with the Illinois average at $218.