Farm Industry News Blog

$550 cash rent on 330 acres in Iowa

The stories about high cash rents continue. A farmer in west-central Iowa reported he just accepted a $550/acre bid on his 330-acre farm. The rent will be fully paid in advance March 1. The agreement is for one year. The farmer asked for sealed bids and the next closest bid was $350/acre.

The total rent this farmer will receive is $181, 500. This amount will be more money than what the farmer paid for all his land back in the ’60s and early ’70s.

Also, the farmer offering the highest bid lives about 30 miles away and has not farmed this land.

This is not the highest rent seen by Jerry Warner, chief management officer, Farmers National Company. He said he’s heard of $600 cash rents in Iowa. The high rents are not surprising with the high profitability farmers are currently experiencing from their crop operations.  

Discuss this Blog Entry 2

on Dec 16, 2013

This amount will be more money than what the farmer paid for all his land back in the ’60s and early ’70s.Messuhren

on Sep 16, 2014

tha't amount is too expensive i think but i don't know may be in your area i's normal but too expensive for me
Produsen besi baja

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The Farm Industry News Blog features commentary from Willie Vogt, Jodie Wehrspann, Kathy Huting, Lynn Grooms, Daryl Bridenbaugh and Jeff Ryan.

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