UMN Extension to host Fair Farm Rental Agreement workshop in Mankato
MANKATO, Minn. (KEYC) — Landlords, farmers and agribusiness professionals are invited to attend a Fair Farm Rental Agreement workshop at 1:30 p.m. in the 3rd Floor Conference Room at the Blue Earth County Courthouse on Dec. 2.
The workshop will be hosted by David Bau and Nathan Hulinsky, Ag Business Management educators at the University of Minnesota Extension.
University of Minnesota Extension https://extension.umn.edu Farm land rental rates are the largest input cost the farmer has. Determining a fair farm rent agreement is a challenge in today's economy with current low corn and soybeans prices in 2019. An ideal agreement would satisfy both the land owner and the farmer.
The workshop will provide several ways that landowners and farmers can negotiate a fair rental agreement that benefits both parties. Additional topics to be covered include local historic and projected farmland rental rate trends, current farmland values and sales and handouts that will help determine a fair rental agreement.
This event is free and open to the public.
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