Iowa Farmland Rents Dip 2.9% as Demand Softens
Key Takeaways Iowa farmland rental rates have decreased by 2.9%, with the average rate now at $271 per tillable acre. South Central Iowa has experienced a significant 6.9% decline in rental rates, contrasting with a 2.8% increase in Southeast Iowa. This is the first decline in rental rates since 2019, influenced by steady crop prices and rising interest rates. Changes in Iowa Farmland Rental Market Iowa's farmland rental rates dip dramatically by 2.9%, signaling a shift in market demand. The average rental rate now sits at $271 per tillable acre. Particularly, South Central Iowa faces a steep 6.9% decline, contrasting Southeast Iowa's unusual 2.8% increase. This marks the first decrease since 2019, reflecting growers' hesitance amid steady crop prices and rising interest rates. Demands are softening from Des Moines to Davenport; uncover the full story for strategic pivots in this volatile terrain. Iowa Farmland Rental Rates Shift in 2025 The heartland's agricultural fou...