BUFFALO, Minn. — Landlords, Farmers, Agri-Business Professionals should make plans to attend the free University of Minnesota Extension, Wright County Land Rental Rate Meeting on Wednesday, December 19, 2018 from 1:30 p.m. to 3:30 p.m. at the Wright County Government Center, Room 120 located at 10 2nd Street NW, Buffalo, MN 55313.
Negotiating a fair rental agreement that satisfies the land owner and the farmer is a challenge. David Bau, Extension Educator in Ag Business Management, will provide several ways to negotiate a fair rental rate for both parties through examples, factsheets and worksheets.
Topics covered at the meetings will include local historic and projected farmland rental rate trends, current farm land values and sales and a worksheet that will help determine a fair rental agreement. Input costs will also 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 in 2019, the rate of return to the landlord at current market values and examine flexible rental agreements.
Attendees will receive several informative worksheets and factsheets that will help to determine what a fair 2019 farm land rental rate is.
Can’t make it to the University of Minnesota Extension, Wright County Land Rental Rate Meeting? Check out other dates and locations by visiting the following website: https://extension.umn.edu/courses-and-events/farmland-rental-workshop.
— UM Extension Wright County
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