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Cash rent lease agreements continue to be the most common type of agricultural lease in Maryland, providing a fixed annual payment per acre and relieving landowners of operating and marketing decisions. The USDA's National Agricultural Statistics Service (NASS) annually estimates average cash rental rates per acre for irrigated cropland, non-irrigated cropland, and pastureland at the county and state levels based on data collected from farm-level surveys. For more information on the NASS Cash Rents Survey, visit https://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Cash_Rents_by_County/.
This year, the University of Maryland has updated its publication to provide Maryland-specific insights into these rental rates, supporting producers, landowners, and other stakeholders in making informed decisions about farmland leases. The 2024 report includes comprehensive data on rental rates for non-irrigated cropland, irrigated cropland, and pastureland, organized by county and regions.
Updates in the 2024 Report:
The report includes updated graphs with trendlines showing rental rate changes over time, providing a clear view of recent trends in Maryland's non-irrigated, irrigated, and pastureland values. It also offers a detailed breakdown of rental rates by county, highlighting variations across agricultural districts.
Static maps for 2024 show county- level rental rates for non-irrigated cropland and pastureland, enabling producers to visualize rental trends across the state.
The 2024 report is a valuable resource for understanding how factors like soil quality, water access, and economic conditions affect rental rates in Maryland. This information helps producers and landowners make informed rental agreements and land management choices.
The full 2024 report and downloadable data files are available at: https://go.umd.edu/UMELeases.
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