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IOWA STATE RELEASES CASH RENTAL RATES FOR 2024, STEADY WITH 2023
May 22, 2024
by Alejandro Plastina and Ann M. Johanns, Iowa State University Extension service
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.
The survey does not ask about rents for individual farms. 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 professionals who responded to this survey are greatly appreciated. The distribution of the 1,278 responses was 42% from farm operators, 36% from landowners, 8% from professional farm managers and realtors, 8% from agricultural lenders, and 6% from other professions and respondents who chose not to report their status. Respondents indicated being familiar with 1.7 million cash rented acres across the state.
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