Iowa Farmland Cash Rental Rates 2023

Jun 30, 2023

Average Farmland Cash Rent Prices In Iowa By County And Quality

Iowa Farmland cash rental rates showed an increase in this year’s Iowa Farmland Cash Rental Survey by Iowa State University. The survey was responded by farm operators, landowners, farm managers, realtors, auctioneers, agricultural lenders and other farm professionals. Iowa’s cash rent prices have been increasing steadily since 2018, and is currently at $279/acre for the state average.  Crop reporting districts 1 and 3 in northwest and northeast Iowa were the only 2 of 9 districts to report $300+ farmland rents for 2023.  District 9 reported the smallest difference only increasing $12 from 2022 prices.  The northern districts of Iowa was responsible for most of the gains in farmland rents.  District 1 in Northwest Iowa gained $32 per acre coming in at $302 this year while district 2 reported average farmland cash rents that were $24 above the 2022 level.  We saw a $29 increase in district 3, $22 gain in district 4, $21 in district 5, $18 in district 6, $22 gain in district 7, and $24 increase for district 8. View the graphs below to see prices per county in Iowa and the difference in low, medium, and high quality land cash rent average prices. Curious what you should be charging for cash rent? Learn more about how our cash rent auctions work here. 

Jason J Smith

Jason J Smith

Auctioneer & Land Broker

Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest.  Jason has worked with hundreds of clients to create advantageous outcomes.  If you are selling land schedule a consultation with Jason by calling or using the calendar.

Phone: 515-537-6633

Average Farmland Cash Rental Rates per County in Iowa

On a county by county basis farmland rents were up from 2022. Delaware County topped the chart this year with an average farmland lease rate of $339 per acre.  Monroe and Lucas Counties tied for the lowest farmland lease rates at $187 per acre in 2023.  Here are the numbers breaking down the farmland lease rates by county, quality of farmland, the district each county is located in, each district’s average farmland cash rent price, and cash rent per CSR2 rating.

County Average Low Medium High District District Avg. Rent Per CSR2 CSR2
Buena Vista 302 265 287 355 1 302 3.51 86
Cherokee 337 270 325 417 1 302 3.74 90
Clay 277 231 268 331 1 302 3.22 86
Dickinson 272 227 277 313 1 302 3.13 87
Emmet 268 215 261 328 1 302 3.31 81
Lyon 336 277 343 387 1 302 4.2 80
O'Brien 324 276 329 368 1 302 3.45 94
Osceola 299 246 303 349 1 302 3.48 86
Palo Alto 283 239 277 332 1 302 3.45 82
Plymouth 298 254 294 345 1 302 3.63 82
Pocahontas 293 249 295 336 1 302 3.57 82
Sioux 333 278 339 382 1 302 3.78 88
Butler 298 238 313 343 2 285 3.73 80
Cerro Gordo 292 243 291 340 2 285 3.7 79
Floyd 256 218 250 300 2 285 3.08 83
Franklin 296 254 301 334 2 285 3.65 81
Hancock 269 221 268 318 2 285 3.54 76
Humbodt 302 260 297 349 2 285 3.73 81
Kossuth 287 244 292 324 2 285 3.63 79
Mitchell 291 242 289 340 2 285 3.51 83
Winnebago 282 237 277 333 2 285 3.81 74
Worth 257 220 254 298 2 285 3.34 77
Wright 302 251 303 354 2 285 3.82 79
Allamakee 302 248 311 346 3 307 3.97 76
Black Hawk 307 246 290 384 3 307 3.57 86
Bremer 325 277 323 377 3 307 3.87 84
Buchanan 285 230 281 345 3 307 3.43 83
Chickasaw 294 244 288 350 3 307 3.54 83
Clayton 314 235 294 413 3 307 4.62 68
Delaware 339 268 346 404 3 307 4.4 77
Dubuque 338 240 335 438 3 307 4.9 69
Fayette 297 263 291 338 3 307 3.67 81
Howard 271 221 280 313 3 307 3.27 83
Winneshiek 302 248 311 346 3 307 3.97 76
Audubon 290 245 292 333 4 298 3.77 77
Calhoun 303 264 293 353 4 298 3.61 84
Carroll 296 243 296 349 4 298 3.7 80
Crawford 308 262 294 369 4 298 4.22 73
Greene 275 237 272 316 4 298 3.35 82
Guthrie 268 216 272 316 4 298 3.23 83
Harrison 321 277 325 362 4 298 4.4 73
Ida 334 283 335 385 4 298 4.12 81
Monona 302 238 303 366 4 298 4.25 71
Sac 299 258 297 340 4 298 3.48 86
Shelby 290 244 291 335 4 298 4.03 72
Woodbury 289 243 294 331 4 298 3.96 73
Boone 290 238 283 348 5 292 3.41 85
Dallas 286 238 290 330 5 292 3.25 88
Grundy 319 268 316 374 5 292 3.63 88
Hamilton 275 229 276 320 5 292 3.44 80
Hardin 275 256 288 347 5 292 3.54 84
Jasper 289 248 285 334 5 292 3.61 80
Marshall 289 246 292 329 5 292 2.52 82
Polk 289 242 284 340 5 292 3.25 89
Poweshiek 278 222 262 351 5 292 3.52 79
Story 291 251 290 332 5 292 3.38 86
Tama 305 250 295 3372 5 292 3.59 85
Webster 296 253 304 332 5 292 3.79 78
Benton 293 245 294 339 6 283 3.41 86
Cedar 285 239 283 333 6 283 3.31 86
Clinton 265 208 267 319 6 283 3.58 74
Iowa 258 213 242 318 6 283 3.27 79
Jackson 287 209 285 368 6 283 4.28 67
Johnson 277 228 275 328 6 283 3.26 85
Jones 304 256 293 363 6 283 3.95 77
Linn 308 257 294 372 6 283 3.54 87
Muscatine 223 160 205 304 6 283 2.69 83
Scott 331 283 326 384 6 283 3.72 89
Adair 224 194 221 257 7 265 2.84 79
Adams 266 206 273 319 7 265 3.37 79
Cass 268 222 265 317 7 265 3.39 79
Fremont 257 209 254 306 7 265 3.21 80
Mills 281 236 290 318 7 265 3.43 82
Montgomery 274 226 279 317 7 265 3.47 79
Page 257 209 254 306 7 265 3.21 80
Pottawattamie 287 238 294 328 7 265 3.63 79
Taylor 261 213 259 310 7 265 3.22 81
Appanoose 193 158 191 232 8 227 2.84 68
Clarke 238 196 235 283 8 227 3.09 77
Decatur 208 174 207 243 8 227 2.77 75
Lucas 187 158 185 218 8 227 2.43 77
Madison 238 193 235 287 8 227 2.77 86
Marion 253 201 236 324 8 227 3.16 80
Monroe 187 158 185 218 8 227 2.43 77
Ringgold 269 198 275 333 8 227 3.54 76
Union 253 196 251 313 8 227 2.98 85
Warren 203 167 199 242 8 227 2.39 85
Wayne 193 158 191 232 8 227 2.84 68
Davis 223 182 224 264 9 252 3.01 74
Des Moines 232 198 218 278 9 252 2.76 84
Henry 279 231 279 327 9 252 3.44 81
Jefferson 235 179 239 286 9 252 2.97 79
Keokuk 247 193 232 315 9 252 3.09 80
Lee 320 257 320 383 9 252 4.27 75
Louisa 263 210 247 334 9 252 3.29 80
Mahaska 224 190 224 258 9 252 2.77 81
Van Buren 202 156 208 243 9 252 2.77 73
Wapello 223 182 224 264 9 252 3.01 74
Washington 298 252 298 344 9 252 3.63 82

What is a Fair Price to Charge Farm Tenant Cash Rent in Iowa?

Should you charge the county average price? How do you know if your farm is low, medium or high quality farmland? Prime Iowa farmland that’s flat, black, tiled, 80+ CSR2, and has good access would produce the higher rental rates. If your farm lacks certain qualities you may likely need to charge a discounted rate with your farmer. The negotiation is up to you and take what you know from this survey but we have seen prices almost doubled compared to the survey’s results with cash rent auction prices. We often get calls about what to charge for farmland rent and if current lease amount is too low or too high. We are always available to visit with you if you have questions about renting a farm. Give us a call or send us an email today! 

If you are considering selling a farm and don’t know what to do contact us at DreamDirt.  We provide a free farmland market analysis and consultation that can help you understand the quality and value of your farm.

Request a Free Valuation for Your Farm or Land Property

Whether you’re ready to start the selling process, or even remotely curious, we will gladly provide you with a FREE Market Analysis! If you are in a position to sell land in the Midwest, we want to help you achieve the top of the market on your sale.

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