In yesterday’s blog, I inadvertently switched the state-wide average for irrigated and non-irrigated cropland.  I have corrected the mistake on the blog, but in order to ensure clarity, the average cash rent prices in Texas are as follows:

• Pastureland:  $6.50/acre (unchanged from 2013).
• Non-irrigated cropland:  $27.00 (up from $24.00 in 2013).
• Irrigated cropland:  $87.00 (up from $82.00 in 2013).

I apologize for any confusion.