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Farmland rental meetings take place through early 2019

ST. PAUL, Minn. (11/2/2018)—A series of 40 meetings on fair farm rental agreements begins in early November and continues into 2019.

The program is free and designed to help meet the needs of farmers, landlords, agri-business professionals and others.

“Farmland rental rates have been heading lower the last couple of years due to lower commodity prices,” 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.”

Extension educators 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 2019 input costs and crop prices to determine affordable rent, rate of return to the landlord and flexible rental agreements.

More details are with workshop schedule are available at: https://extension.umn.edu/business/ag-business-management-event-offerings

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Contacts: Allison Sandve, University of Minnesota Extension media relations, 612-626-4077 or 651-492-0811, ajsandve@umn.edu


For more news from U of M Extension, visit www.extension.umn.edu/news or contact Extension Communications at extnews@umn.edu. University of Minnesota Extension is an equal opportunity educator and employer.
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