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Note: This website is intended to provide general information about legal issues, crop insurance, farm policy, and other risk management issues and should not be construed as providing legal advice. It should not be cited or relied upon as legal authority. For advice about how the issues discussed here might apply to your individual situation, you should consult an attorney.
Welcome to the Maryland Risk Management Education Blog, provided by the University of Maryland Department of Agricultural and Resource Economics and features the work of the Maryland Crop Insurance Education program and the University of Maryland - MPowering the State's Agriculture Law Education Initiative, a University of Maryland Extension Signature Program. This blog provides readers with information on risk management issues important to Maryland agriculture, upcoming events, and new materials that may interest readers.
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Paul Goeringer
- Aug 13, 2020
- 2 min
NASS Releases Delaware and Maryland Cash Rental Rate Averages for 2020
See here for the site’s reposting policy. USDA’s National Agricultural Statistic Service (NASS) updated data on cash rent paid by farmers in 2020. NASS collects this data from 240,000 farms across the United States annually through the Cash Rent Survey - data used by other agencies throughout USDA. The survey results give us an idea of what other tenants in the area may be paying per acre for farmland. One important note: many of you often ask me just what constitutes a rea
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Admin
- Oct 20, 2019
- 2 min
2019 County Rental Rates for Maryland Now Available Online
Press Release See here for the site’s reposting policy. By Elizabeth Thilmany, Research Assistant, Department of Agricultural and Resource Economics Cash rent lease agreements are the most popular type of lease agreement in Maryland. Cash rent is a fixed amount on a per-acre basis. In this agreement, the owner is relieved of operating and marketing decisions and income is known year to year. The tenant has the risk and returns from the crop and can make crop and livestock d
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Paul Goeringer
- Aug 22, 2017
- 2 min
Cash Rents in 2017 and Moving Forward
This is not a substitute for legal advice. See here for the site’s reposting policy. USDA’s National Ag Statistics Service (NASS) recently released 2017 cash rent values. Cash rents in Maryland and Delaware declined in 2017 from 2016 highs. Maryland cash rent for 2017 is $103/acre, down $1 from 2016. Delaware cash rent for 2017 is $109/acre, down $1 from 2016. The average U.S. cash rent for 2017 is $136 and remained unchanged from 2016. Irrigated cash rent in 2017 for Mar
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Paul Goeringer
- Aug 23, 2016
- 2 min
2016 Cash Rents in Maryland and Delaware
USDA’s National Agricultural Statistic Service (NASS) updated data on cash rent paid by farmers in 2016. NASS collects this data from 240,000 farms across the United States annually through the Cash Rent Survey – data used by other agencies throughout USDA. The survey results give us an idea of what other tenants in the area may be paying per acre for farmland. One important note: many of you often ask me: just what is a good cash rent price? I honestly have no idea what a
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msuri1
- Aug 12, 2016
- 2 min
Weekly News: August 12th Edition
By Mayhah Suri Nationally Farmland Values Decline but Increase in Maryland
On Friday, the National Ag Statistics Services (NASS) released the 2016 summary on land values. Nationally, farm real estate values decreased by 0.3 percent, for cropland 1 percent, and for pastureland remained unchanged in 2016. In Maryland, however, the summary found farm real estate values and cropland values increased by 0.9 percent and pastureland values increased by 1.7 percent. To read the co
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Sarah Everhart
- Apr 29, 2016
- 3 min
Weekly News Update: April 29th Edition
By Sarah Everhart Gov. Hogan Stands by Ag, Poultry Industries. Delmarva’s multi-million dollar poultry industry is alive and well and growing and should get even bigger and better with renewed backing by Maryland’s highest-level elected official and an emerging marketing strategy targeting consumers. “There is a reason why there is a farmer on our state seal in Maryland,” Maryland Gov Larry Hogan said. “You are such an important part of our history” and “our heritage.” To
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Paul Goeringer
- Sep 9, 2015
- 3 min
When Keeping Your Landlord Happy Backfires
This post should not be construed as legal advice. If you are renting farmland then part of your job is keeping the landlord happy. Keeping the landlord happy may come in a whole host of ways, such as cleaning the driveway off after a snowstorm for an elderly landlord or paying a “bonus” in good years to control your cash rental rate from going up. But there is always the chance that the landlord may start to expect these extras and assume the extras are now part of the lea
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Paul Goeringer
- Sep 14, 2014
- 2 min
2014 Maryland and Delaware County Cash Rents
A few weeks ago, I blogged about the statewide cash rent averages for Maryland and Delaware, and that we saw that statewide cash rents had increased for non-irrigated, irrigated, and pastureland in both states. But how did county cash rent averages compare with the statewide averages? USDA-NASS recently released the county rental averages. One important note: many of you often ask me just what is a good cash rent price. I honestly have no idea what a good cash rent price i
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Paul Goeringer
- Aug 21, 2014
- 2 min
New Website Helps Landowners and Tenants Determine a Fair Rent
Today we return to my favorite topic, farmland leasing in Maryland – I’m not done harping on it yet. Earlier this month I posted about Maryland average rental rates for 2013 and 2014. I stated then that I’m frequently asked what a good cash rental rate is in a given situation. I honestly still have no idea what is a good rental rate is for you, but a new tool exists to help determine not only a good cash rent, but also crop-share rent, flex-cash rent, and base rent with bo
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Paul Goeringer
- Aug 8, 2014
- 2 min
Delaware and Maryland Cash Rents
Late last week, USDA’s National Agricultural Statistic Service (NASS) updated data on cash rent paid by farmers in 2014. NASS collects this data from 240,000 farms across the United States annually through the Cash Rent Survey – data used by other agencies throughout USDA. The survey results can also give us an idea of what other tenants in the area may be paying per acre for farmland. One important note: many of you often ask me just what is a good cash rent price. I hone
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Paul Goeringer
- Jun 9, 2014
- 2 min
Updating Your Rental Rate
Note: this post should not be viewed as a substitute for legal advice. I have to give all credit to Tiffany Dowell at Texas A&M for giving me the idea to post on this topic with her recent blog post Average Rent Prices in Texas. June is the time of month many of you will be thinking about renewing your lease. Maryland is no different than Texas in one sense, many you also like to ask me “What is a good rental rate?”. My candid response is well I’m not really an economist I
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