The average cash rent in Iowa for 2014 slipped $10 to average of $260 an acre, according to the annual statewide survey of farmers, landowner, ag lenders and farm managers conducted by Iowa State University. While down 3.7% from a year earlier, 2014's average cash rent is 3% higher than 2012's state average of $252 and well above 2010's statewide average of $184 an acre.
On a regional basis, the west central crop reporting district now boasts the highest average cash rent at $288 an acre. That compares to last year's district average of $294 an acre. Last year' highest-priced district, the central district, lists a district average of $284 in 2014. That is down $13 an acre from last year's $297 average. The northwest crop reporting district reports a 2014 average of $270, down 4.6% from last year's $283 an acre. The north-central district reports the sharpest annual decline, an 8.2% decrease, with an average of $270 an acre. That is down from 2013's average of $294 an acre. The northeast crop district lists a 2014 average of $277 an acre, down 1.4% from last year's $281. The east-central district lists an average of $273 an acre, down 3.9% from last year's $284. The southwest crop reporting district reports a 2014 average of $249 an acre, down 3.1% from 2013's $257 an acre. The south-central district reports the lowest district average at $202 an acre. That is down 3.8% from 2013's average of $210 an acre. The southeast district reports an average of $229 an acre, which is unchanged from 2013.
We will have more details in the next issue of LandOwner newsletter.
For the full report, click here.
If interested in seeing a copy of LandOwner, just drop me an email at email@example.com or call 800-772-0023.