Cash Rents Slightly Up in Iowa

AMES, Iowa – Rental rates for Iowa farmland increased for the first time since 2013, according to the results of the Cash Rental Rates for Iowa 2018 Survey conducted by Iowa State University Extension and Outreach. 

“Cash rents seem to be following land values instead of expected farm profitability,” said Alejandro Plastina, assistant professor in economics and extension economist at Iowa State University. “If current prospects for corn and soybean prices don’t improve in the short run, the observed increase in cash rents for 2018 might be short-lived and I would expect further declines in rental rates in the coming years.”
 
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