Explore undefined agriculture and learn what makes it unique.
With more than 85% of its land devoted to farming in various applications, agriculture is clearly at the root of Iowa’s economy and culture. Iowa’s rich soil composition and favorable weather patterns make it an ideal place for growing most cash crops and raising livestock. Due to these qualities and more, Iowa farms are highly sought after, making it some of the most expensive farmland per acre in the nation. Iowa has consistently been ranked in the top 5 in the nation for agricultural production and exports since the year 2000 and ranks number 1 in exports of several commodities including Pork and Corn.
Over the last 20 years, farmland rental rates per acre in the iowa have risen from an average of $115 per acre in 1999 to $230 per acre in 2019. This represents an increase of $115 over this time period with an average implied capitalization rate of 4.1%.
Current Rental Rate Per Acre
Cash Rent per Acre
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Implied Annual Capitalization Rate