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The next step is to plug in some of the information we gathered into three of the formulas we outlined in the first section of this guide to calculate cash rent: Option 1: Gross Income Approach Option 2: PI Approach Option 3: ROI Approach So, what should the cash rent rate be on this farmland? `%V\CPeH'\i)&Vhp%QFIK\#AWLW63iHDA?,K1tR.cNpX)`JL]s0hKNaWc6G4;C0mMHplIHdEU_M;M$(3O(Jm/["nrrAZJM.7-FYZ([s&[r_gqs
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Among the main corn- and soybean-growing states, Iowa had the highest average cash rent for cropland at $233/acre. [8:Sd)U+'@+SF>F_n4*EHB/*Cm!57O,Hq6
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>> The information was obtained from the USDA's National Agricultural Statistics Service (NASS) and is based on their survey results from producers. These data may be useful to farm managers in determining cash rental rates, to farmland appraisers in calculating indices for making time adjust-ments to land prices, and to landowners and investors who base expectations on historical price and rental levels for (*p*-tXfN(l?qZ)%jl8BU=kqeYgt'"lVJf]O]RJ^:J(nuj5#HA-pcU]E^dC0'>@*(Rsu%)6Y5Zm@KXpM589iIQ]aSZVJa$l`%u#^VDl`M%QP
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