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.
The average cash rent paid for Iowa crop declined 5% for 2015, according to the annual cash rent survey conducted by Iowa State University. The survey pegs the statewide average cash rental rate at $246 an acre. That compares to $260 reported in the 2014 survey. The average cash rent is down 9% from its peak of $270 an acre found in the 2013 survey.
All nine of the state's crop reporting districts reported decreases in average cash rents. The west-central and central districts led declines, both posting a percentage decrease of 8% versus a year earlier. The south-central district followed with a 7.5% decline. The northeast district reports only a 1% decline.
On a district basis, the northeast lists the highest average cash rent at $273 an acre. The west central follows with an average of $265. The central district is third with an average of $265 an acre. The northwest district follows with an average of $259 an acre. The south-central district reports the lowest average cash rent at $187 an acre.
On a county basis, Grundy County in central Iowa sports the highest average cash rent at $316 an acre. This marks the fourth year that Grundy County has had the distinction of averaging the highest cash rent in the state. Three other counties report an average cash rent in excess of $300. These are: Dubuque with an average of $311, Ida with an average of $301 and Bremer County with an average of $300 an acre. Monroe County lists the lowest average cash rent at $151 an acre.
If interested in seeing a copy of LandOwner, just drop me an email at firstname.lastname@example.org or call 800-772-0023.
No comments have been posted to this Blog Post