How much does it cost to rent an acre of farmland in Iowa?
Cropland rental rates released by the USDA National Agricultural Statistics Service averaged $233 per acre in 2021, a 1.3% increase from 2020. Cash rent for pasture was 7.4% higher at $58 per acre.
What is the average cash rent for farmland in Iowa?
$232 per acre
The most recent annual survey of cash rental rates for Iowa farmland shows that rates increased, on average, by 4.5 percent in 2021 to $232 per acre (Plastina and others, 2021).
What is the average cash rent per acre in Iowa?
All land qualities have seen their average cash rents increase by similar percentages. High-quality land experienced a 3.9% increase, from $257 per acre in 2020 to $267 in 2021. Medium-quality land had a 4.5% increase, from $223 per acre in 2020 to $233 in 2021.
How is farmland cash rent calculated?
A cropland cash rental rate can be computed by multiplying the average CSR2 by a rental rate per CSR2 point. For example, assume a typical rental rate per CSR2 index point of $2.75 for your county. A tract of land with a CSR2 of 80 would have a rental rate of $220 ($2.75 × 80 CSR2 = $220) per acre.
How much is corn worth per acre?
Corn in 2020 For 2020, corn revenue is projected at $699 per acre, based on a 215 bushel per acre yield and a $3.25 per bushel price. The 215 bushel yield is a trend yield, which will be updated after July weather provides better indications of yields.
What is the average cost per acre to plant corn?
Based on the 2020 edition of OMAFRA’s Publication 60, which estimates the expenses associated with a variety of field crops, the non-land variable costs for growing corn is $646.05 per acre.
Is leasing farmland profitable?
But there are a lot of benefits from leasing farmland to other farmers. As far as the benefits to you, you don’t have to sell the family property after all and can continue to earn a farmland rental income from it at the same time. That way, you can still get out and enjoy the property yourself once in a while.
How much does it cost to rent cropland in Iowa?
Another method is to multiply the estimated current market value for cropland by an expected rate of return. Surveys show that cash rents for good cropland in Iowa in recent years have averaged about 3%-4% of current land values.
How much does pasture rent cost in Iowa?
The highest published pasture cash rent was in Pottawattamie County, at $91.50 per acre followed by Fremont, at $89.00 per acre. Sioux, Mills, Cass, and Adair also had pasture cash rental rates of $80.00 per acre or higher. Non-Irrigated Cropland Cash Rent – Iowa: 2019 State Average: $230.00 per rented acre
How much does it cost to rent corn on a farm?
A cash rental rate can be based on a farm’s average yields (e.g., 5-year or 10-year average). For example, assume the average rental rates in your county are $1.20 per bushel for corn and $4.15 per bushel for soybeans, based on the latest survey information.
How much does it cost to rent land in Iowa?
A tract of land with a CSR2 of 80 would have a rental rate of $220 ($2.75 × 80 CSR2 = $220) per acre. ISU Extension and Outreach publication FM 1851/AgDM C2-10, Cash Rental Rates for Iowa, shows typical rental rates per CSR2 index point by county.