Farmland Rental Rates In The United States

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


20 yearsall

Hover over the chart to view values by state.

Farmland Rental Rates



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%.


Current Rental Rate Per Acre

Cash Rent per Acre

Source: USDA

Created with Highcharts 7.2.019941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 30$ 60$ 90$ 120$


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

Farmland Rental Rates: Top 5 States

1. california
2. arizona
3. washington
4. iowa
5. illinois
6. indiana

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

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