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University of Minnesota Extension
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Negotiating a Fair Farmland Rental Agreement

Event information

Date and time

Location

Minnesota West - Pipestone Campus (Room 103)
1314 N Hiawatha Ave.
Pipestone, MN 56164

Contact

Matti Blume, Extension Educator, Agricultural Production Systems, Murray/ Pipestone counties

[email protected] 

Mallory Vos, Extension Administrative Assistant

[email protected] 

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Farmland rental rates are the largest input cost the farmer has. Landlords, farmers, and agri-business professionals should make plans to attend one of the free informative meetings held across Minnesota. Negotiating a fair rental agreement that satisfies the landowner and the farmer is a challenge. Examples, fact sheets, and worksheets to determine a fair farmland rental rate for both parties will be provided. Pre-registration is not necessary. 

Topics covered at the meetings will 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 one of these meetings now. Attendees will receive several informative worksheets and fact sheets that will help to determine what a fair farmland rental rate is.

Audience

Open to the public. 

Cost

Free

Registration

Pre-registration is not required, but we do encourage you to register to ensure there are enough materials.  

Accommodations

University of Minnesota Extension is committed to providing equal opportunity for participation in all programs, services and activities. To request accommodations for persons with disabilities, reach out to the event contact two weeks before the start of the event. Requests received after this date will be honored whenever possible.

Language

This offering is delivered in English. Interpreter services may be available with an advance request.

Upcoming events

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