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Rent For Cropland Is On The Rise

A survey finds Iowa had the highest cash rent average for cropland this year of Midwest states at $233 dollars an acre, $3 an acre higher than last year. Farmers across the country are paying an average of $141 per acre to rent cropland. That’s up $2 from last year. Iowa land values have shown about 18% growth from last July to July 1st of this year, and cash rents follow farmland values. Cash rent values where the highest in northeast Iowa with an average of $253 an acer. In District 9, rent averaged $221, up from $205 in 2020

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