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May 24, 2021 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.
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 Tweet |
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