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The highest average per acre cash rent is $225 per acre for top quality land in the West Central region. With a range in per acre rents of $147 to $225, this region has the highest cash rents across all land qualities.Cash rents are the lowest in the Southeast, $86 to $151 per acre.or average and poor quality land, the average increased by $3 per acre (Table 2, click here to view). The average estimated cash rent was $202 per acre on top quality land, $161 per acre on average quality land, and $124 per acre on poor quality land.
Mike Walsten, editor of LandOwner, said these prices, when compared to USDAâs August 2011 cash rent numbers, seem to reflect the recent rise in farmland prices of about 30%. On track. For example, USDAâs 2011 average cash rent price for Illinois was $183 per acre.The average price reported to Farm Journal Pulse was $256, about a 40% increase. Similar increases were seen in Indiana and Iowa cash rents.early 1,200 farmers and ranchers across the country reported the highest cash rent they pay; results were then averaged by state. The states with the highest average cash rent per acre are: Idaho at $428; Washington at $346; Iowa at $289; Illinois at $256; and Minnesota at $233.