Fair farm rental agreement?

 The U of M Extension will be holding free informative land rent meetings for landlords, farmers and agri-business people . 

Farm land rental rates have started to go lower as corn and soybean prices continue downward in 2016. Determining a fair farm rent agreement is a challenge in today’s economy. Current corn and soybeans prices are significantly lower in 2016, compared to recent record corn and soybean prices and record farm land values.

Negotiating a fair rental agreement that satisfies the land owner and the farmer is a challenge. David Bau, Pauline Van Nurden, Gary Hachfeld and Nathan Hulinsky, MN Extension Educators in Ag Business Management, will provide several  examples; factsheets and worksheets - to determine a fair rate for both parties.

Topics covered will include local historic and projected farmland rental rate trends, current farm land values and sales and a worksheet that will help determine a fair rental agreement. Input costs for 2017 will be presented along with current 2017 corn and soybean prices. Worksheets will examine 2017 costs and what is affordable rent that a farmer will be able to pay in 2017, the rate of return to the landlord at current market values and examine flexible rental agreements.

The meetings will be: 

o Nov. 14, 9:30 a.m. City Hall, Long Prairie. 

o Nov. 14, 1:30 p.m. Cornerstone Restaurant, Melrose.

o Nov. 15, 9:30 a.m. and 1:30 p.m. Douglas County Public Works Bldg, Alexandria.

o Dec. 9, 9:30 a.m. Morrison County Government Center, Little Falls.

o Dec. 9, 1:30 p.m. City Hall, Foley.

For more information: contact Brenda Miller, Todd County extension, at 320-533-4655 or nels4220@umn.edu.

 

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Deadline for advertisements and copy is Friday, noon.

Staples World

Mailing Address: P.O. Box 100 Staples, MN 56479 Telephone: (218) 894-1112 - Fax: (218) 894-3570 Toll Free: 1-888-894-1112 E Mail: office@staplesworld.com; editor@staplesworld.com

Deadline: Friday, noon

 

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