Cash rent for Iowa farm ground is mostly unchanged from 2023, according to the latest land rent survey from Iowa State University Extension and Outreach.

The average rent is $279 per acre of corn and soybeans and is the first time rates have not increased in five years. In 2019, the statewide average declined to $219 per acre, a $3 decrease over the previous year.

The survey also includes rent for hay and pastureland, as well as oat production. The state average for established alfalfa is $200 per acre, followed by $145 for grass hay and $198 per acre for oats. Pastureland ranges from $95 per acre for highly productive pasture, to $60 per acre for low-productivity pasture.

The complete survey and historical comparisons are available in the May edition of Ag Decision Maker. The survey includes nearly 1,300 responses from farm operators, landowners, professional farm managers and realtors, ag lenders and other professionals, representing 1.7 million cash-rented acres in Iowa.

The survey also provides rates for nine regions of the state, as well as individual counties. Six of the nine regions saw an increase, with the largest per-acre values reported in northwest ($304) and northeast ($309) Iowa, while the lowest reported values were in the south central district ($231).

In District 9, which includes the KMCD/Classic 96 listening area, cash rent averaged $247.00, down from 2023 rates of an average of $252. In 2020 cash rent averages in the area were at $205.00.