2022 Cash Rent Values Climb Double Digits in Many U.S. States

As farmland values continue to climb, so too do cash rent prices. In 2022, the national average cash rent on cropland is $148/acre, up $7 from last year and above the former all-time high of $144 in 2015 according to the USDA National Agricultural Statistics Service. Arizona, California and Hawaii rank the highest in cash rent prices, topping out as high as $336/acre with Iowa following in fourth at $256/acre.

Many states saw double-digit hikes this year compared to last, including West Virginia, Vermont, New York, New Jersey, Utah, South Carolina, Iowa and Hawaii. Producers are encouraged to negotiate their cash rent amount with their landlords. To do so requires homework, meetings and presenting them with multiple options instead of accepting a yes or no.

Read more on cash rent values here.