A recent report from Iowa State University’s on-going farmland research offers a glimpse of changes in ownership, leases and succession. Among the findings:
- 66% of Iowa’s farmland is owned by people over 65-years-old, which is up from 29% in 1982.
- 46% of the Iowa’s land is owned by women, and they hold a larger share among senior owners.
- 84% of Iowa farmland owned debt-free — the highest level ever recorded. In 1982, only 62% of land was owned debt-free.
- 58% of Iowa’s farmland is under a lease, which is up 1 million acres since the study was last conducted in 2017.
- 42% of farmland is directly operated by a landowner. That’s compares to 47% in 2017.
- 17% of farmland owners do not have a planned successor.
Researchers’ findings also reveal farmland leases continue to be handled on a cash rent basis rather than crop share and owner-operated. Since 2017, cash rent, specifically fixed cash rent, has increased 5% to 87%.Back