In the nation’s top corn growing state, cash rents have not declined as quickly as crop prices in Iowa.
Iowa State University’s extension released the results of its annual cash rent survey earlier this week.
According to the survey, rental prices have gone down for four straight years. They’re now 19 percent lower than 2014.
In comparison, corn prices have dropped 60 percent in that same four-year period.
Iowa State’s extension says the statewide average of renal rates is $219 per acre.