Updated August, 2023
File C2-09

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.

For localized information about cash rental rates, ask for the Cash Rental Rates for Iowa 2023 Survey (AgDM File C2-10) at the ISU Extension and Outreach office in your county or find it online.

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Ann M. Johanns, extension program specialist, 515-337-2766, aholste@iastate.edu


Ann M. Johanns

extension program specialist
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