Cash Rents Reach New High in Iowa, Survey Shows - Oskaloosa News oskynews.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oskynews.org Daily Mail and Mail on Sunday newspapers.
Stronger commodity prices and farmland values are leading to higher cash rents across most of the state. The most recent annual survey of cash rental rates for Iowa farmland showed
Tyler Harris
CASH-RENT INCREASE: There was considerable variability across counties in year-to-year changes, as is typical of survey data, but 76 out of the 99 counties in Iowa experienced increases in average rents for corn and soybeans. This increase marks the first substantial rise in cash rents since 2013, when rents peaked.
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Jun 15, 2021 to Jun 17, 2021
The most recent annual survey of cash rental rates for Iowa farmland shows that rates increased, on average, by 4.5% in 2021 to $232 per acre. This is the first substantial increase in cash rents since 2013, when rents peaked. Four years of declining rents and three years of relatively stable rents followed (see Figure 1). In comparison, nominal corn and soybean prices received by farmers in Iowa declined by 31% and 14%, respectively, since mid-2013.
Survey Shows Iowa Land Rents up Significantly in 2021 – Mix 94.7 KMCH kmch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kmch.com Daily Mail and Mail on Sunday newspapers.