ST. PAUL, Minn. (10/27/2016)—A series of 42 meetings on fair farm rental agreements begins in early November and continues for five weeks throughout the state.
The program is free and designed to help meet the needs of farmers, landlords, agri-business professionals and others.
“Farmland rental rates have never been higher,” says David Bau, Extension educator in ag business management. “Following earlier records, the prices for corn and soybeans in recent years are significantly lower. Determining a fair, profitable farm rental agreement is a challenge in today’s economy.”
Bau will examine several ways to negotiate fair rental agreements that satisfy the landowner and farmer. Examples and factsheets will be provided, along with worksheets that look at 2017 input costs and crop prices to determine affordable rent, rate of return to the landlord and flexible rental agreements.
The meetings begin in early November and end in mid-December. Locations are: Ada, Albert Lea, Alexandria, Benson, Blue Earth, Buffalo, Caledonia, Chaska, Cologne, Elko New Market, Faribault, Farmington, Foley, Gaylord, Hutchinson, Jordan, Le Center, Litchfield, Little Falls, Long Prairie, Madison, Mankato, Melrose, Moorhead, Morris, Newfolden, Olivia, Owatonna, Park Rapids, Pipestone, Preston, Red Lake Falls, Rochester, St. Charles, St. Peter, Slayton, Sleepy Eye, Waseca, Wheaton, Willmar and Worthington.