Farm land rental rates have started to lower as corn and soybean prices stagnate. Determining a fair farm rent agreement is a challenge in today’s economy. 

University of Minnesota Extension educators will offer free meetings to help landlords, farmers and agri-business professionals set prices.  

The East Central Minnesota Land Rent meeting will be held on Monday, Dec. 9, from 1:30-3:30 p.m. at Rock Creek City Hall, 7080 MN-70, Pine City.

Attendees will receive several informative worksheets and factsheets to help to determine what is a fair 2020 farm land rental rate. 

RSVP to Rod Greder at 763-689- 8254 or 

Nathan Hulinsky, Extension Educator in Ag Business Management, will cover local historic and projected farmland rental rate trends, current farm land values and sales, a worksheet that will help determine a fair rental agreement. 

Input costs for 2019 will be presented along with current 2019 corn and soybean prices. Worksheets will examine 2019 costs and what is affordable rent that a farmer will be able to pay in 2020, the rate of return to the landlord at current market values, and flexible rental agreements will be examined.

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