Determining a fair farm rent agreement is a challenge in today’s economy with significantly lower corn and soybeans prices in 2016 preceded by recent record high commodity prices and farm land values. Farm land rental rates are dropping as corn and soybean prices continue in this low price cycle.
Landlords, Farmers, Agri-Business Professionals will learn about the factors affecting land rent at informative meetings being held across Minnesota. These free meetings are being provided by the University of Minnesota Extension. David Bau, Extension Educator in Ag Business Management, will present topics including historic and projected farmland rental rates, current farm land values, projected 2017 input costs and cash grain prices, along with rate of return to the landlord at current market values which help calculate an affordable rental agreement.
Make plans to attend one of these informative meetings. Attendees will receive several useful worksheets and factsheets that will help to determine what is a fair 2017 farm land rental rate.