For the first time in five years, farm rental rental rates have increased in the state. ISU Extension economist Ann Johanns says cash rents seem to be following land values instead of expected farm profitability.
A little more than half of the farmland in Iowa is rented. An annual report from ISU says the average statewide rental rate is $222 per acre, an increase of just 1.4 percent over last year.
The survey shows the highest average cash rent in Grundy County at $290 per acre. The lowest rental rate is in Clarke County at $126.