Updated August, 2023
Iowa Farmland Rental Rates 1994-2023 (USDA)
Cropland rental rates released by the USDA National Agricultural Statistics Service averaged $269 per acre in 2023, a 5.1% increase from 2022, and the second highest percentage increase in the past 10 years. Cash rent for pasture was 1.7% higher at $60.50 per acre. Rent as a percentage of land value remained the same for cropland and pasture, at 2.7% and 1.8%, respectively.
Ann M. Johanns, extension program specialist, 515-337-2766, firstname.lastname@example.org