Landlords, farmers, and agri-business professionals are invited to attend the University of Minnesota Extension’s meetings on farmland rental rates and writing a fair farm rental agreement.
The free meetings will be held across the state, both in person and online.
U-MN ag business management Extension educators David Bau, Nathan Hulinsky and Amber Roberts will provide information, including factsheets and worksheets, to determine fair farmland rental rate for all parties.
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 for 2020 will be presented along with current 2020 corn and soybean prices. The worksheets will examine 2021 costs and what is affordable rent that a farmer will be able to pay in 2021, the rate of return to the landlord at current market value and flexible rental agreements.
This year, there will be 14 in-person meetings from Nov. 18 through Dec. 18 in Slayton, Owatonna, Rochester, Holdingford, Little Falls, Benson, Worthington, Buffalo and Sleepy Eye. These sites will have limited seating and facemasks will be required to attend. You will need to preregister for all in-person meetings at z.umn.edu/landrentregistration.
There will also be regional online Zoom meetings. Those will be held:
• Nov. 30 in Crookston
• Dec. 1 in St. Cloud
• Dec. 2 in Moorhead
• Dec. 4 in Farmington
• Dec. 7 in Hutchinson
• Dec. 8 in Willmar
• Dec. 9 in Rochester
• Dec. 14 in Mankato
• Dec. 15 in Worthington
Most meetings begin at 10 a.m.
For more information, contact Bau at the U-MN Extension Regional Office, Worthington, 507-360-0664, ext. 3906, email@example.com.