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IOWA STATE RELEASES ITS 2021 CASH RENTAL RATES
Iowa State University reports:

To view the complete report, click here.

The cash rental rate information presented in this publication is from a survey of farmers, landowners, agricultural lenders, and professional farm managers. They supplied information based on their best judgments about typical cash rental rates for high, medium, and low quality cropland in their counties, as well as for land devoted to production of hay, oat, and pasture. Information about rents for individual farms was not collected.

The rental rates summarized in this publication do not include the value of any buildings or storage structures, manure application contracts, or seed production contracts.

The cooperation and assistance of the landowners, farmers, and agribusiness people who responded to this survey are greatly appreciated. The distribution of the 1,363 responses was 41% from farm operators, 33% from landowners, 11% from professional farm managers and realtors, 9% from agricultural lenders, and 6% from other professions and respondents who chose not to report their status. Respondents indicated being familiar with 1.5 million cash rented acres across the state.

Additional survey information about cash rental rates by county is available from the USDA National Agricultural Statistic Service (NASS).

Determining Cash Rents
This summary can be used as a reference point for determining an appropriate cash rental rate for a particular farm. The following may justify a higher or lower than average rent in specific cases:

Small size or unusual shape of fields
Terraces or creeks that affect the time it takes to plant and harvest crops
Difficult or restricted access to fields
High or low fertility levels or pH index
Existence of contracts for growing seed or specialty grains, or manure application
Above-average local grain prices due to proximity to biofuel plants or feed mills
USDA program variables, such as crop bases and assigned yields
Longevity of the lease
Other services performed by the tenant




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