June 12, 2023
Professor Chad Hart was interviewed by KCAU for the story "Renting Iowa farmland has reached a 10 year high," which focuses on the results of the recent Cash Rental Rates for Iowa 2023 Survey. The survey found that farmland cash rental rates hit a 10 year high. Hart told KCAU that “A lot of it is related to the higher corn and soybean prices we’ve experienced over the past couple of years. You combine that with some additional government support flowing into agriculture, especially after covid, all lending itself to agriculture continuing to reinvest in itself. And typically when we reinvest in land that means those land prices do tend to go higher.”