USDA: Iowa Farmland Rent Averages $255 an Acre

Bob McArthur, of Marion, harvests soybeans on Neal Horning's farm in Marion on Satuday, Oct. 4, 2008. Horning has been growing soybeans on his farm for 14 years. (Amanda LaRae Larkin/The Gazette)

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By Ben Hoppenworth

DES MOINES, Iowa (AP) - A new survey of Iowa farmers says renting an acre of land to grow crops costs a state average of $255 an acre.

The U.S. Department of Agriculture says that's an increase of $20 an acre from a year ago and is the highest since the department began compiling comparable records in 2008.

Farmers in Grundy County are paying $316 an acre and those in Ida County $314 an acre, the two highest.

The lowest cash rents were paid in southern Iowa with Appanoose County listed at $150 an acre and Van Buren County at $156.

Fifteen counties had average rent less than $200 per acre in 2013, compared with 20 counties in 2012.

Cash rent paid for pasture in Iowa, at $49 per acre, was up $3 from 2012.
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