How Much Should You Rent Your Farmland For?

The University of Minnesota Extension will be conducting several information-based presentations on how to arrive at a fair rental rate for farmland.

Combining record farm land values along with lower prices for corn and soybeans the past few years makes it a bit difficult to determine what is a fair price for both the landowner and the crop farmer.

These free discussions will include a presentation on input costs for 2016 along with current corn and soybean prices. There will also be worksheets that will examine 2016 costs along with what is affordable rent that a farmer will be able to pay in 2016 and still make a profit without undermining the owner's investment. Flexible rental agreements will also be discussed.

The meetings will be Wednesday, December 2, at 9:30AM in the Fairlane Community Building on the Freeborn County Fairgrounds in Albert Lea.

In Steele County there will be gatherings on Thursday, December 3, at 9:30AM in the Blooming Prairie City Center and at 2PM Thursday in the Steele County Community Center on the fairgrounds in Owatonna.

Each session is expected to last about two hours.

You can find out more by calling Dave Bau at (507) 360-0664.