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Farmland Rental Rates Increase in Iowa, First Time in Five Years

Posted: Monday, May 21st, 2018 at 6:20 am
Author: Sally Y. Hart - KCII News

For the first time since 2013 the rental rates for Iowa’s farmland increased.

The statistics come from the results of the Cash Rental Rates for Iowa 2018 Survey which was conducted by Iowa State University Extension and Outreach. Results show that in 2018, rental rates increased by 1.4% to an average of $222 per acre statewide. Although, increases were not shown in the southeast and south-central regions. Rental rates peaked in 2013 at $270 per acre. In Washington County the overall average for cash rent for corn and soybeans is $244 per tillable acre, above the southeast district overall average of $203. The lowest rental rate was in Clarke County at $126 per acre.