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E.Central MN | And there can be a lot of difference between the profitability potential of one field and another one even if it's just across the fence line. We tend to think rents should follow crop prices, but there's usually a lag as most renters don't want to give up land, they might not get it back when prices return to profitability. Property values/property taxes are still high which makes landowners reluctant to accept lower rent offers. | |
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Undermarket cash rents still going up
