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Explore Iowa 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.
$221/acre
5.0%
3.4%
$269
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
3.4%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $269 | 5.1% |
| 2022 | $256 | 9.9% |
| 2021 | $233 | 1.3% |
| 2019 | $230 | -0.4% |
| 2017 | $231 | -1.7% |
| 2016 | $235 | -6.0% |
| 2015 | $250 | -3.8% |
| 2014 | $260 | 2.0% |
| 2013 | $255 | 8.5% |
| 2012 | $235 | 19.9% |
| 2011 | $196 | 11.4% |
| 2010 | $176 | 0.6% |
| 2009 | $175 | 2.9% |
| 2008 | $170 | 13.3% |
| 2007 | $150 | 12.8% |
| 2006 | $133 | 1.5% |
| 2005 | $131 | 4.0% |
| 2004 | $126 | 3.3% |
| 2003 | $122 | 1.7% |
| 2002 | $120 | 2.6% |
| 2001 | $117 | 1.7% |
| 2000 | $115 | 2.7% |
| 1999 | $112 | -0.9% |
| 1998 | $113 | 2.7% |
| 1997 | $110 | 4.8% |
| 1996 | $105 | 5.4% |
| 1995 | $100 | 1.0% |
