Cash rental rates see biggest increase in nearly a decade
Iowa farmland cash rental rates jumped 10.3% this year, the biggest increase in nearly a decade, according to Iowa State University’s (ISU) annual cash rental rate survey. The average rate for cash rent in 2022 was $256 per acre, up from $232 last year.
The ISU survey was similar to a report last week from the Federal Reserve Bank of Chicago, which said Iowa cash rental rates rose 12% in 2022. The Chicago Fed said rates across the Seventh District climbed 11%,...
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