Leslie Miller of Iowa State Savings Bank says Iowa farmers are struggling, in part due to cash rents that haven’t decreased along with the prices of corn and soybeans.
Miller says that farmers lost as much as $100 dollars per acre last year because they couldn’t lock in a sale price for row crops that would make a profit. Miller says that although input costs to growers have decreased this year, due to cheaper seed corn and fertilizer, she doesn’t foresee a profit in the near future unless rents are decreased. Farmers are borrowing more or restructuring loans and owning less land and equipment than in previous years.

