The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
Cash rents in Iowa reached an average value of $185 an acre for 2009, up 4.5% versus 2008, according to an annual survey conducted by Iowa State University Extension. The survey, conducted by William Edwards, extension economist, and Darnell Smith, extension program specialist, featured responses from more than 1,270 farmers, landowners, professional farm managers, lenders and other professionals.
Edwards and Smith said survey responses proved more variable than in previous years. "This variability is likely due to the volatility of corn and soybean prices in the past few years and led to a wide range of opinions about typical rents in some counties," they stated.
The highest average rent was $241 reported in Grundy County. The lowest was $122 reported in Davis County.
The survey findings are quite extensive and can be reviewed by clicking this link. We will also carry highlights in an upcoming issue of LandOwner Newsletter.
If interested in seeing a copy of the LandOwner Newsletter, just drop me an email at firstname.lastname@example.org or call me at 800-772-0023.
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