Iowa State University Extension’s annual survey shows the first statewide decline in cash rental rates for farmland since 2019.
Rental rates went up nine percent in 2023 and were stable last year. Ann Johanns, a program specialist with I-S-U Extension, says the average drop this year is eight dollars per acre…
The survey does not seek information about cash rental rates for individual farms. Farm operators, landowners, realtors, and professional farm managers are asked instead about cash rental rates for cropland in their counties.
Cash rental rates for corn and soybean fields dropped in 68 out of Iowa’s 99 counties…
The farmland cash rental rate is 289 dollars for Buena Vista County…317 in Cherokee County…267 in Clay…275 in Calhoun…323 in Ida…304 in Sac…and 288 dollars in Pocahontas County.
The statewide average rental price per acre for rented farm ground is 271 dollars this year. Landowners rent nearly six out of every 10 acres of cropland in Iowa.
(thanks to Radio Iowa for contributing to this story)
