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University of Minnesota Extension

Understanding Fair Farm Rental Agreements in Minnesota

Determining a fair and profitable farm rental agreement can be challenging in today’s economy.  Landowners, farmers and agri-business professionals are invited to attend free informative meetings presented by David Bau and Nathan Hulinsky, Extension Educators in Ag Business Management.  These meetings, available both in-person and online, provide valuable insights and tools to help establish equitable farm land rental rates.

Key Points:

  1. What to Expect: These free meetings cover various aspects of fair farm rental agreements, including: historical and projected farmland rental rate trends, current farmland values and sales, input costs, current corn and soybean prices, affordability of rent, rate of return for landowners, and flexible rental agreement options.
  2. Meeting Details: In-person meetings will run from October 31 to December 21, 2023. Zoom meetings will be regionally scheduled across the state starting in January.  No pre-registration is required. Attendees will receive informative worksheets and factsheets to assist in determining the fair 2023 farm land rental rate.
  3. Alexandria Workshops: The Alexandria workshops are scheduled for November 16, at 9:30 AM and 1:30 PM at the Douglas County Public Works Building, 526 Willow Dr, Alexandria, MN 56308. For alternative dates and locations, visit: https://extension.umn.edu/courses-and-events/farmland-rental-workshop.

If you have any questions, please contact your local University of Minnesota Extension office. For Douglas County inquiries, contact Robin Trott, Extension Educator, at 320-762-3890.

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