Farmland Rental Rates In The United States

View current US farmland rental rates and see how they have changed over time.

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Farmland Rental Rates

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U.S. Farmland Rental Rates

Over the last 20 years, farmland rental rates per acre in the United States have risen from an average of $59 per acre in 2000 to $122 per acre in 2019. This represents an increase of $63 over this time period with an average implied capitalization rate of 2.6%.

$122

Current Rental Rate Per Acre

Cash Rent per Acre

Source: USDA

Created with Highcharts 7.2.019941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 30$ 60$ 90$ 120$ 150Highcharts.com

2.6%

Average Annual Cap Rate

Implied Annual Capitalization Rate

Source: USDA

Created with Highcharts 7.2.0199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820190 %0.8 %1.6 %2.4 %3.2 %4 %Highcharts.com

Farmland Rental Rates: Top 5 States

1. california
$307
2. arizona
$215
3. washington
$189
4. iowa
$183
5. illinois
$174
6. indiana
$148

Data referenced herein: USDA and NCREIF with additional calculations performed by AcreTrader. All calculations assume reinvestment of dividends.

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