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.