Results from the most recent survey of farmland rental rates conducted by Iowa State University Extension and Outreach showed that the average estimated cash rent for corn and soybean land in the state for 2013 was $270 per acre, an increase of $18 per acre or 7 percent from last year.
The 2013 Iowa Farm Custom Rate Survey is now available to download from the Extension Online Store or the Ag Decision Maker website as Information File A3-10, Iowa Farm Custom Rate Survey. Print copies will be available at county extension offices.
Average Iowa farmland value is estimated to be $8,296 per acre, an increase of 23.7 percent from 2011, according to results of the Iowa Land Value Survey conducted in November. This is the third year in a row where values have increased more than 15 percent. The 2012 values are historical peaks.
Iowa State University Extension and Outreach is conducting farmland leasing workshops at many locations in Iowa during July and August. Workshops are designed to assist landowners, tenants and other agri-business professionals with issues related to farmland ownership, management, and leasing agreements.
Iowa State University Extension and Outreach is offering Evaluating Your Estate Plan workshops at seven locations during June to discuss estate planning for farm families.
Anyone who is involved with the rental market for Iowa farmland knows that rental rates have been pushed significantly higher by the favorable corn and soybean prices that farmers have enjoyed since 2010. This trend continued in 2012.
“Evaluating Your Estate Plan” is a one-day Iowa State University Extension and Outreach workshop that will be held at five Iowa locations during February. The workshop will provide farm families and others with information about estate planning options.
Ag Decision Maker has a leasing Web page that is a portal to all Iowa State resources on improving farm lease contracts. The tools and information files will be helpful as landlords and tenants negotiate lease rates and conditions after harvest and into the winter .
Landowners, tenants and other agri-business professionals with an interest in farmland ownership, management and leasing agreements should plan to attend one of more than 50 farmland leasing meetings scheduled for July and August. The workshops are facilitated by ISU Extension farm management specialists and held all across the state.