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east central ND | I have a few ac of CRP expiring this year. This is hard to access, low yield, tough ground. It’s better that it’s in CRP. I want it back in for another go. It was a 10 year contract.
The preliminary new bid for the next 10 years is higher than last time. Happy to see that, but I ran the new bid through 4 different on line inflation calculators, and it does not quite cover the just the inflation, for the last 10 years. One of the calculators was from the Minneapolis branch of the federal reserve. And as a % increase, local land rents have gone up significantly more than the % increase in the CRP bid.
Anyone seeing better than inflation rate increases on 10 year CRP renewals?
I suppose the government never gives a CRP contract with an inflation adjustment? | |
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CRP and inflation , renting to the government.
