Zhang: Iowa farmland cash rents rise

August 26, 2021

Wendong ZhangWendong Zhang, associate professor, was interviewed for an Aug. 25 Radio Iowa story, "Iowa cash rents for farmland up from last year."

A survey finds Iowa had the highest cash rent average for cropland this year at 233-dollars an acre, three dollars an acre higher than last year.

“Iowa has seen about 20% growth, evidenced by many of the auction prices as well as the expert opinion survey,” Zhang says. “Iowa land values have shown about 18% growth from last July to July 1st of this year.” He says having cash rents follow farmland values is supported by their recent survey of farm managers and ag lenders.

This story also covered by
KIWA Radio, Aug. 25
WNAX Radio, Aug.23
Explore Okoboji, Aug. 26

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