Iowa cash rents show slight increase
May 20, 2020 By Ken Anderson Filed Under: Crops, Crops, Iowa, News
Rental rates for Iowa farmland this year increased about one-and-a-half percent, according to an annual Iowa State University survey.
across the state averaged 222 dollars per acre, compared to 219 per acre in
2019. Levels are about 18 percent lower than the historical peak of 270 reached
coordinator Alejandro Plastina says he’s surprised cash rents have not gone
down. He says that’s likely a reflection of government programs injecting
Plastina predicts the poor economic conditions in agriculture will continue to pressure cash rents and land values, and barring strong government assistance, it’s possible both land values and rent could see future declines.
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