Landlords, Farmers, and Agri-Business Professionals should make plans to attend
Negotiating a fair rental agreement that satisfies the landowner and the farmer is a challenge. Nathan Hulinsky, Extension Educator in Ag Business Management, will provide several ways, by examples, factsheets and worksheets to determine a fair farmland rental rate for both parties.
Topics covered at the meetings will include local historic and projected farmland rental rate trends, current farmland values and sales, a worksheet that will help determine a fair rental agreement. Input costs for 2018 will be presented along with current 2018 corn and soybean prices. Worksheets will examine 2019 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 flexible rental agreements.
Area meetings will be held at the following locations:
* Long Prairie on November 13th at 9:30am at Long Prairie City Hall; 615 Lake St S, Long Prairie, MN 56347
* Little Falls on November 13th at 1:30pm at the Little Falls Chamber of Commerce; 200 1st St NW, Little Falls, MN 56345
* Melrose on November 15th at 9:30am at Cornerstone Restaurant; 223 Kraft Dr. SE, Melrose, MN 56352
* Foley on November 15th at 1:30pm at Foley City Hall; 251 4th Ave N, Foley, MN 56329