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Trott column: Thursday meeting in Alexandria to help farmers, landlords figure fair rent

Two meetings are set for Thursday, Nov. 4, at the Douglas County Public Works meeting room, at 9:30 a.m. and 1:30 p.m.

Landlords, farmers and agri-business professionals should make plans to attend one of the informative meetings offered across Minnesota by the University of Minnesota Extension.

Farmland rental rates are the largest input cost the farmer has and determining a fair farm rent agreement is a challenge in today’s economy.

Negotiating a fair rental agreement that satisfies the landowner and the farmer can be difficult. David Bau and Nathan Hulinsky, Extension Educators in Ag Business Management, will provide several ways by examples, factsheets and worksheets to determine a fair farmland rental rate for both parties.

Topics covered at the meetings include local historic and projected farmland rental rate trends, current farmland values and sales and a worksheet that will help determine a fair rental agreement. Input costs will be presented along with current corn and soybean prices. Worksheets will examine costs and what is affordable rent that a farmer will be able to pay, the rate of return to the landlord at current market values and examine flexible rental agreements.

Make plans to attend a meeting now. Attendees will receive several informative worksheets and factsheets that will help to determine what a fair farmland rental rate is.

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The meeting will be held locally in Alexandria on Thursday, Nov. 4 at 9:30 a.m. and repeat again at 1:30 p.m. at the Douglas County Public Works meeting room at 526 Willow Drive. There is a separate entrance and parking lot for meeting room use. Meetings will last approximately two hours. There is no pre-registration or cost to attend. In the event of inclement weather, please contact the Farm Information Line at 800-232-9077.

For more information on the workshop, please call or e-mail Nathan J. Hulinsky, 320-203-6104 or huli0013@umn.edu.

***

“Good farmers, who take seriously their duties as stewards of Creation and of their land's inheritors, contribute to the welfare of society in more ways than society usually acknowledges, or even knows. These farmers produce valuable goods, of course; but they also conserve soil, they conserve water, they conserve wildlife, they conserve open space, they conserve scenery.” — Wendell Berry, Bringing it to the Table: Writings on Farming and Food

Robin Trott is a horticulture educator with University of Minnesota Extension. Contact her at 320-762-3890, or at trot0053@umn.edu.

Robin Trott
Robin Trott

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