K-State Research and Extension Ex: Irrigated Cropland (still more) Financial / Lending Requirements: Interest Rate: 8% % Purchase price financed:90% Ag-Related Land$ & Rent Growth:2.4%/yr Total Land Price & Cash Rent Growth Rate (Ag + Non-Ag Related): Scenario #1:3.0% Scenario #2:4.0% Scenario #3: 5.0%
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