May 24, 2022
Alejandro Plastina, associate professor, was quoted in the May 24 Morning Ag Clips article "Iowa cash rental rates rise significantly."
The Cash Rental Rates for Iowa 2022 Survey finds that the statewide average cash rental rate increased 10.3% to $256 per acre. This is now the third year in a row that cash rental rates have increased.
Plastina told Morning Ag Clips that “Higher cash rents means lower margins on rented land, but current corn and soybean prices should support positive margins for most tenants in 2022. Somewhat more concerning is the picture for 2023, with expected higher input costs across the board and stagnant to declining crop prices.”
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