I’ve leased the same 80-acre Ohio tract for about five years now. The price is locked in at a specific rate with a slight increase each year to account for inflation. But actual inflation is much higher, and has sped out of control the past few years.
A few days ago, I checked new lease prices for the average Ohio lease (that aren’t already locked in). I was shocked. People are requiring $5,000-$6,000 for promising-looking 100-acre tracts, sometimes more. Even a poorlooking, sub-100-acre lease runs $2,000-$3,000. Even worse? You don’t have
