Wondering what is acceptable to charge or pay for land rent in Minnesota? Recently, farmer profits are down and farmland rental rates have declined slightly while commodity prices have decreased significantly. These factors make determining a fair profitable farm rental agreement a challenge in today’s economy.
University of Minnesota Extension Farmland Rental Workshops help farmers, landlords and ag professionals determine a fair farmland rental rate. Presenters review historical rental rates throughout Minnesota and use data-driven decisions to help determine a fair value for land.
Extension hosts free workshops held across the state starting in November. Ag Business Management Extension educators help farmers and landowners determine a fair farmland rental rate for both parties.
Workshops cover local historic and projected farmland rental rate trends and current farmland values and sales. We also walk through a worksheet to help participants create a fair rental agreement.
Dates, locations and registration information for the coming year are posted in September.