It cost more to rent an acre of cropland or pasture land in 2012, according to new figures from the USDA.
The average cost to rent an acre of cropland in Missouri went up by 4 percent. Pastureland increased by 10 percent.
Ron Plain is an agricultural economics professor at the University of Missouri. He says rental rates and a land’s market value are both tied to the value of what is being produced on that land.