USDA Cropland Cash Rent and Land Value Figures Released

Cropland cash rent paid to Iowa landlords in 2014 averaged $260.00 per acre according to the USDA, National Agricultural Statistics Service, Iowa Field Office. Non irrigated cropland rent averaged $260.00 per acre, up $5.00 from a year earlier. Irrigated cropland rent averaged $255.00 per acre, an increase of $10.00 from last year. Pasture rented for cash, which averaged $50.00 per acre, is up $1.00 from the previous year. County level averages of 2014 cash rents paid to landlords will be released on September 5.

Iowa’s farm real estate value, a measurement of the value of all land and buildings on farms, averaged $8,500 per acre in 2014, according to USDA’s National Agricultural Statistics Service. This is up $800 per acre or 10 percent higher than last year’s level. Cropland value increased 9 percent from last year to $8,750 per acre. Pastureland, at $3,400 per acre, increased 6 percent from a year ago.