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losses and hold lease terms steady.
• Ranch properties in the Sandhills of Nebraska and in Texas have experienced strong demand for pasture land boosting rental rates. Rental rates in the Mid South are fairly stable with some areas seeing slightly lower levels with drops of nearly 10 percent. Many multi-year leases being re-negotiated are seeing rates jump 50 to 60 percent as a result of appreciation in recent years and previously under-valued rates. New client with existing leases often are below the market as much as $100 an acre.
• "Overall, lease rates were stable throughout 2013 following a record farm income year. Cash Rent-Plus leases should continue to be popular in the current market," said Englund.
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