Ag land values up since ‘22

DES MOINES — Cropland cash rent paid to Iowa landlords in 2023 averaged $269.00 per acre according to the USDA, National Agricultural Statistics Service. Non-irrigated cropland rent averaged $269.00 per acre, $13.00 above last year. Irrigated cropland rent averaged $271.00 per acre, $19.00 above 2022. Pasture rented for cash averaged $60.50 per acre, $1.00 above the previous year.

Iowa's farm real estate value, a measurement of the value of all land and buildings on farms, averaged $9,930 per acre in 2023, according to the USDA, National Agricultural Statistics Service — Land Values 2023 Summary. This was up 6%, $530 per acre higher than last year's value.

Cropland, at $10,100 per acre, was $750 higher than last year. Pasture, at $3,400 per acre, was $100 above last year.