Most farmers in Iowa are seeing a significant increase in what they pay for land rents this year, according to a recent survey conducted by Iowa State University Extension and Outreach.
According to the “Cash Rental Rates for Iowa 2021 Survey,” which is conducted annually and available in the May Ag Decision Maker, rates have increased an average of 4.5%, an increase of about $10 per acre, for a total per-acre rent of $232.
Land considered to be “high quality” saw an average of a 3.9% increase, up from $257 per acre in 2020 to $267 in 2021. “Medium quality” land saw a 4.5 percent increase, from $223 per acre in 2020 to $233 in 2021, and “low quality” land is up 4.8%, from $188 per acre in 2020 to $197 in 2021.