The email from my buddy Springer was more depressing than expected. Here’s what he passed on:
Red River Farm Network reports:
This year, contracts covering more than 6.5 million acres in the Conservation Reserve Program (CRP) will expire, the second-largest turnover in its 26-year history.
In total, the amount of land in the CRP has fallen to its lowest level since 1988, down 20 percent from its peak of 36.7 million acres in 2007.
As much as half the land coming out of CRP may be put back into production for the first time in decades.
Well, that’s not good news for pheasant chasers like Springer and me. But it really is no surprise. While land prices and cash-rent prices remain so high, there’s very little change landowners will be interested in CRP enrollment.