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October 26, 2015

Fair farmland rental agreements addressed in 44 statewide workshops

Ag News Wire
By David Bau, Extension Educator



ST. PAUL, Minn. (10/26/2015) — Average corn and soybean budgets for cash-rented farmland will be unprofitable in 2015, according to projections based on currently available input costs and market prices.

To assist agricultural landowners, renters, agri-business professionals and others, University of Minnesota Extension educators will present 44 workshops throughout the state during November and December. No registration is required.

Rents are the major input cost for soybeans and corn, accounting for 44.5 percent and 28.5 percent, respectively. Landlords with increasing property taxes increased rental rates during record prices. Now, they are trying to play catch up when budgets do not support current rental rates and other input costs.

Lower rental rates in 2016 would help struggling farmer tenants, but lowering those rates may require some tough negotiations.

A flexible rental agreement may be the best option for 2016. In this kind of agreement, both the landlord and farmer share the price risks; if prices improve, so does the rental payment. A flexible agreement also can factor in higher-than-average yields.

During the workshops, Extension ag business management professionals will lead discussions about current farmland rental rates, land values, leasing agreements and related financial issues for land owners, farmers, landlords, tenants and agri-business professionals. Presenters will provide examples and worksheets for both tenants and landlords covering the FairRent program, flexible leases, and fair rental agreements.

The “Cropland Rental Rates for Minnesota Counties” publication, which uses the FINBIN database, is a helpful resource. Find resources and current trends in farmland rental rates and land economics on the Extension website.

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Source: David Bau, University of Minnesota Extension Educator.

Media Contact: Allison Sandve, U of M Extension, 612-626-4077, ajsandve@umn.edu

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October 19, 2015

Join 4-H: There's something for everyone! (video)




University of Minnesota Extension's 4-H youth development program offers age-appropriate, hands-on learning via short-and long-term projects and activities.

This unique, learn-by-doing model teaches kids essential, transferrable skills that they'll use throughout their lives, such as problem solving, decision making, coping, communicating and responding to the needs of others.

For more information about Minnesota 4-H, visit Extension's About 4-H webpage. To join or volunteer, contact your local county Extension office or call the Extension Center for Youth Development office at 612-624-2116.

To make a gift, contact the Minnesota 4-H Foundation or give online.

October 13, 2015

Extension recognizes distinguished service of faculty and staff

Media Contact: Allison Sandve, University of Minnesota Extension, office 612-626-4077, ajsandve@umn.edu

ST. PAUL, Minn. (10/13/2015)—Extension Dean Bev Durgan recently honored faculty and staff as distinguished service award winners, in addition to the annual distinguished friend of Extension recognition. The awards are given yearly in recognition of excellence.

Poultry leader Olson honored as 2015 Friend of Extension

Media Contact: Allison Sandve, University of Minnesota Extension, office 612-626-4077, ajsandve@umn.edu

ST. PAUL, Minn. (10/13/2015)—Minnesota poultry industry leader Steve Olson has been named 2015 Distinguished Friend of Extension.

October 08, 2015

Pioneer Public Television's 2015 4-H at the State Fair program




The half-hour program is hosted by 4-H volunteer Libby Tate, featuring interviews with young Minnesotans who demonstrate how they have “learned by doing” through their local 4-H clubs. Tate captures what the students have learned about poultry, livestock, cooking, engineering and design. Throughout the program, Tate reviews the philosophy and practices of the 4-H program.
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