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University of Minnesota Extension

Farm finance

Get the 2024 Farm Resource Guide

The Farm Resource Guide for 2024 is now available at many local Extension offices. You also can download it for free.

This guide includes useful forms and farm business management information including:

  • Custom rates: What to charge for planting, etc.
  • Average farmland rental rates by county with projections for 2024.
  • Flexible rental agreements and how they work. Lease forms for cash rent and share rent arrangements.
  • Farmland sales information for all Minnesota counties.
  • Charges for custom feeding, commodity storage, leasing buildings and bin rental rates.
  • Pasture rental rates, tree timber values.
  • Commodity price probabilities for corn, soybeans, alfalfa hay, straw, grass hay, hogs and cattle.
  • Corn and soybean yields by county; used to calculate USDA farm bill payments.
  • Feedlot rules for manure agreements and easements. Manure spreading lease examples and land application agreement forms.

Farm financial management

A complete set of financial statements for agriculture include: a balance sheet, an income statement, a statement of owner's equity and a statement of cash flows. Learn how to use these in your farm business.


Crop farm finance


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