Published by admin on Wed, 05/31/2023 - 8:30am
Average cash rents in Iowa are the highest on record, according to the Cash Rental Rates for Iowa 2023 Survey conducted by Iowa State University Extension and Outreach.
The survey shows an increase of 9 percent in 2023, for a state average of $279 per acre.
The new record is 3.3 percent higher than the previous record set in 2013, when rent was $270 per acre. The increase in rent since 2013 compares to a 2.8 percent increase in the non-inflation adjusted price of corn, and a 4.4 percent decrease in the price of soybeans.