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 gred0014@umn.edu. 

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.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.