Landlords, Farmers, and Agri-Business Professionals should make plans to attend
FOLEY, Minn. — Landlords, Farmers, and Agri-Business Professionals should make plans to attend one of the informative land rent meetings being held across Central Minnesota. These free meetings are offered by University of Minnesota Extension. Farmland rental rates are the largest input cost and a fair farm rent agreement is a challenge in today’s economy with current corn and soybeans prices in 2020.
Negotiating a fair rental agreement that satisfies the landowner and the farmer is a challenge. Nathan Hulinsky, Extension Educator 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 will include local historic and projected farmland rental rate trends, current farmland values and sales, a worksheet that will help determine a fair rental agreement. Input costs for 2020 will be presented along with current 2020 corn and soybean prices. Worksheets will examine 2021 costs and what is affordable rent that a farmer will be able to pay in 2021, the rate of return to the landlord at current market values, and flexible rental agreements.
Area meetings will be held at the following locations:
Little Falls at 9:30am at the Little Falls Chamber of Commerce; 200 1st St NW, Little Falls, MN 56345
Holdingford at 1:30pm at the Holdingford City Hall; 420 Main St, Holdingford, MN 56340
Make plans to attend one of these meetings now. Please also remember that due to COVID 19 masks are mandatory and everyone will be required to maintain at least 6 feet of distance. Families or groups that come together will be allowed to sit together. Please be respectful of those around you to help prevent the spread of COVID 19 and keep in-person programming available to everyone.
Preregistration is required to attend. You can preregister by going to z.umn.edu/CMNLandRent or by calling/emailing Nathan Drewitz at (608) 515-4414 or ndrewitz@umn.edu to secure your seat. To receive future events, educational programming, and agronomic updates by email, signup at z.umn.edu/tricountysignup. In addition, if you would like to provide input for future local extension programming in Stearns, Benton, and Morrison counties please fill out the survey at z.umn.edu/tricountycrops.
Last modified: 10/20/2020
