The optimism over grain prices is expected to keep machinery costs firm. In a virtual Lake Region Extension Roundup presentation, NDSU Extension agriculture finance specialist Bryon Parman said equipment dealers are expecting steady to firm equipment prices. “About 79 percent are saying a modest one to three percent increase in equipment prices,” said Parman. Land values and rental rates are expected to remain steady. “Land values are an investment decision, whereas cash rents are a cash flow decision. Folks are more reluctant to pay higher dollars for cash rent, but overall, it’s been pretty flat. That was expected.”
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