WHAT will the 2005 drought do to cash rents in 2006? That question is on the minds of many this fall. One of the driest years in Illinois history — along with skyrocketing fuel and fertilizer prices — has farmers, landlords and lenders wondering whether there will be a cash-rent fallout. What is the cash-rent rate? That's a question that comes up frequently. Unfortunately that is not the right question! The real question is: What can you afford to pay for land to farm?
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