Tennessee Cropland, Irrigated Cropland and Pastureland Cash Rental Rates for 2017 W 377

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1 Tennessee, and Cash Rental Rates for 2017 W 377

2 Aaron Smith Crop Marketing Specialist Becky Bowling Extension Specialist Tina Johnson Information Specialist Department of Agricultural & Resource Economics AGRICULTURAL & RESOURCE ECONOMICS Summary From 2016 to 2017, Tennessee cash rental rates for nonirrigated cropland increased 1 percent, while irrigated cropland and pastureland rates were unchanged, as reported by USDANASS. However, since 2009, nonirrigated and irrigated cash rental rates are up 34 percent and 21 percent, respectively cash rental rates for pastureland remained the same. Due to the diversity of agricultural production in Tennessee, cash rental rates vary dramatically from county to county. Additionally, the quality and productivity of agricultural land within a county will vary tremendously from field to field, resulting in a wide range of cash rental rates within a region. As such, producers and property owners who are trying to determine a value or rental rate should contact a qualified professional in their region. The attached tables and maps are presented for informational purposes only and do not constitute a recommendation of cash rental rates in any county or region. 2 Tennessee, and Cash Rental Rates for 2017

3 Table 1. Tennessee Cash Rents, 2016 and % Change County & District Non Per Acre Non Per Acre Non Per Acre Dyer $ $33.00 $ % Lake $ Lauderdale $ $39.00 $ Obion $ $ $23.00 $ $ % 12% Shelby $ $23.50 $ % Tipton $ $ $27.00 $ $ % 2% Other $ $ $ $36.00 Delta $ $ $29.50 $ $ $ % 13% 2% Benton $67.00 $18.00 $67.00 $ % 7% Carroll $ $32.00 $89.00 $ % 7% Chester $75.00 $29.00 $67.00 $ % 3% Crockett $ $ $ $ $ % 30% Decatur $58.00 $17.00 $67.00 $ % Fayette $70.00 $ $19.00 $82.00 $ $ % 13% 0% Gibson $ $34.00 $ $ $ % 1% Hardeman $74.00 $17.00 $71.00 $ % 1% Hardin $66.00 $18.00 $62.00 $ % Haywood $ $ $ $ % Henderson $73.00 $32.50 $82.00 $ % 5% Henry $ $30.00 $90.00 $ % 6% Madison $ $ $22.50 $ $ $ % 20% 2% McNairy $18.00 $53.00 $ % Weakley $ $32.00 Other $ $ $30.50 $ % West Tennessee $ $ $25.00 $ $ $ % 10% 2% Cheatham $80.00 $17.00 $85.00 $ % 3% Dickson $63.00 $14.00 $73.00 $ % 1% Hickman $64.00 $15.00 $64.00 $ % Houston $18.00 $ Tennessee, and Cash Rental Rates for % 3%

4 % Change County & District Non Per Acre Non Per Acre Non Per Acre Humphreys $47.00 $15.00 $72.00 $ % 3% Lawrence $82.00 $21.00 $80.00 $ % Lewis Montgomery $ $24.00 $ $ % Perry $32.00 $ % Robertson $ $36.00 $ $ % Stewart $68.00 $15.00 $80.00 $ % 1% Wayne $61.00 $24.00 $58.00 $ % 5% Other $35.50 $ $13.00 $30.50 $ $ % 6% 1% Western Rim $99.00 $ $19.50 $ $ $ % 6% 2% Bedford $63.00 $19.00 $70.00 $ % 3% Cannon $88.00 $83.00 $ % Clay $40.00 $17.50 $50.00 $ % 3% Davidson $51.00 $23.00 DeKalb $50.00 $26.00 $58.00 $ % 2% Giles $77.00 $14.50 $80.00 $ % 6% Jackson $17.50 $75.00 $14.00 Lincoln $79.00 $18.00 $64.00 $ % Macon $ $28.00 $ $ % 1% Marshall $50.00 $19.00 $61.00 $ % 1% Maury $15.00 $55.00 $ % Moore $64.00 $18.00 $53.00 $ % 2% Rutherford $75.00 $24.50 $78.00 $ % Smith $85.00 $14.50 $95.00 $ % 1% Sumner $ $22.00 $ $ % Trousdale $78.00 $16.00 $58.00 $ % Williamson $69.00 $24.00 $65.00 $ % Wilson $50.00 $15.50 $57.00 $ % 1% Other $60.00 $ $18.00 $ % Central Basin $80.00 $ $18.50 $75.00 $ $ % 25% 1% 4 Tennessee, and Cash Rental Rates for 2017

5 % Change County & District Non Per Acre Non Per Acre Non Per Acre Bledsoe Coffee Cumberland Fentress Franklin Grundy Marion Morgan Overton Pickett Putnam Scott Sequatchie Van Buren Warren White Other Cumberland Plateau Anderson Blount Bradley Campbell Carter Claiborne Cocke Grainger Greene Hamblen Hamilton $75.00 $21.00 $51.00 $ % $81.00 $22.00 $81.00 $ % 7% $52.00 $28.00 $ $ % 8% $61.00 $25.00 $41.00 $ % 2% $ $23.00 $ $ % 2% $17.00 $ % $75.00 $24.00 $ $ % 2% $21.00 $16.00 $38.00 $20.50 $36.00 $ % 3% $48.00 $26.00 $53.00 $ % 0% $54.00 $25.00 $39.00 $ % 9% $29.00 $8.50 $50.00 $28.00 $40.00 $14.00 $36.00 $68.00 $23.00 $72.00 $30.00 $47.00 $23.50 $59.00 $ % $30.00 $ $16.00 $64.00 $ $ % $76.00 $ $22.50 $84.00 $ $ % 22% $14.00 $26.00 $ % $36.00 $22.50 $39.00 $ % 1% $34.00 $22.00 $49.00 $ % $47.50 $16.00 $48.00 $ % $25.00 $15.00 $25.00 $ % 0% $32.00 $10.00 $24.00 $ % 2% $53.00 $21.00 $65.00 $ % 6% $25.00 $21.00 $33.00 $ % $45.00 $16.00 $70.00 $17.00 $60.00 $ % 0% $19.00 $38.50 $ % 1% 3% Hancock $24.00 $18.00 $25.00 $ Tennessee, and Cash Rental Rates for % 2% 7% 1%

6 % Change County & District Non Per Acre Non Per Acre Non Per Acre Hawkins $31.00 $15.50 $25.00 $ % 1% Jefferson $44.00 $18.00 $41.00 $ % 5% Johnson $32.00 $19.50 $29.50 $ % 3% Knox $27.00 $18.00 $35.00 $ % 3% Loudon $54.00 $14.50 $52.00 $ % 6% McMinn $43.50 $17.00 $46.00 $ % 3% Meigs $36.00 $14.00 $40.00 $ % Monroe $40.00 $19.00 $60.00 $ % Polk $41.00 Rhea $18.00 $36.00 $ % Roane $31.00 $19.00 $23.00 Sevier $31.00 $15.00 $28.00 $ % 6% Sullivan $27.00 $22.00 $34.00 $ % 7% Unicoi Union $34.00 $36.00 $9.50 2% Washington $51.00 $25.00 $49.00 $ % 7% Other $39.50 $ $17.00 $37.00 $ $ % 9% East Tennessee $41.50 $ $18.00 $43.00 $ $ % 9% 2% State $94.00 $ $20.00 $95.00 $ $ % 5% 0% 1 Data not available. Source: USDA National Agricultural Statistics Service 6 Tennessee, and Cash Rental Rates for 2017

7 7 Tennessee, and Cash Rental Rates for 2017

8 Data Source: USDA National Agricultural Statistics Service 8 Tennessee, and Cash Rental Rates for 2017

9 9 Tennessee, and Cash Rental Rates for 2017

10 Data Source: USDA National Agricultural Statistics Service 10 Tennessee, and Cash Rental Rates for 2017

11 11 Tennessee, and Cash Rental Rates for 2017

12 Data Source: USDA National Agricultural Statistics Service 12 Tennessee, and Cash Rental Rates for 2017

13 Click here to visit the Department of Agricultural and Resource Economics ag.tennessee.edu/arec AG.TENNESSEE.EDU W /17

The Value of Farmland

The Value of Farmland Tennessee Farmland Legacy Conference October 9-10, 2008 Goals of the Presentation Examine farmland trends in Tennessee Discuss the importance of agriculture to Tennessee (economically