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Corn and Soybean Land Prices on Rise

By Ashley Hinson, Anchor/Reporter

By Becky Ogann

Story Created: May 10, 2007 at 10:45 AM CST

Story Updated: May 10, 2007 at 10:48 AM CST

AMES - Higher corn and soybean prices are pushing the cash rental rates for Iowa further up.

A new study from the Iowa State Extension estimates the average for corn and soybean land for 2007 is now at $150-per-acre, up from $137 in 2006.

That's the largest increase in a year since the survey was established in 1994.

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