By Lauren Shepherd, AP Business Writer. NEW YORK â Brinker International (EAT), owner of the Chili's Grill & Bar chain, said Monday that it will sell a majority stake in its Romano's Macaroni Grill to a private equity firm. Under the agreement, Brinker will sell most of its stake to Mac Acquisition â a unit of Golden Gate Capital â for $131.5 million in cash.
Farms between 1000 and 4000 acres have non-land costs between $186 per acre and $200 per acre (see Table 1). These farms have roughly 70% of their acres cash rented, with average cash rents ranging from $206 per acre up to $242 per acre.
The Illinois Society reported a 2013 midpoint cash rent of $285 per acre for farmland with expected yield between 150 and 170 bushel per acre. In the calculations above, lower productivity farmland with a 160 bushel per acre corn yield has $211 per acre of operator and land return (see Table 1). Similar to the higher productivity class, the $285 per acre cash rent exceeds the $211 operator and land return.