(Washington D.C.) A U.S. Department of Agricultural database shows that cash rents for Iowa farmland rose by 33-percent from 2010-2012.
The Des Moines Sunday Register reports that the survey pin-points the average cash rent in Iowa’s’ 99-counties at $235.00 per acre up from $176.00 per acre in 2010 and almost double the $120.00 per acre average in 2002.
The figures take in all cropland of varying productivity. Cash rents over $350.00 per acre have become more common in Iowa in recent years as farmland prices soared to an all-time record of $6,708 in late 2011.
The counties with the highest rents were; Grundy, ($299), Hamilton, ($277), Hardin, ($276), Webster, ($264), Ida, ($271), and Franklin, ($271), per acre.
The counties with the lowest rents were Lucas, ($146), Davis, ($148), Wayne,($152), and Van Buren, ($157) per acre.
September 17, 2012