What is a fair and profitable farm rental agreement?

Landlords, farmers and agri-business professionals are encouraged to attend an informative meeting on Thursday, November 29 at 2 p.m. at the Douglas County Public Works Meeting Room, 526 Willow Drive, Alexandria.

This free meeting, one of many being offered across central and southern Minnesota, is provided by the University of Minnesota Extension.

Farm land rental rates have never been higher. Determining a fair and profitable farm rent agreement is a challenge in today’s economy with near record corn and soybean prices and record farm land values.

Topics covered at the meetings will include local historic and projected farmland rental rate trends, current farm land values and sales and a worksheet that will help determine a fair and profitable rental agreement. Input costs for 2013 will be presented along with current 2013 corn and soybean prices.

Worksheets will examine 2013 costs and what is affordable rent that a farmer will be able to pay in 2013, the rate of return to the landlord at current market values and examine flexible rental agreements.

Attendees will receive several informative worksheets and factsheets that will help to determine what is a fair and profitable 2013 farm land rental rate.

There is a separate entrance and parking lot for meeting room use. Pre-registration is not required.

For more information, contact the University of Minnesota Extension, Douglas County office at (320) 762-3890.

Tags: country, farm, rental