U of MN Extension Fair Farmland Rental Agreement Meetings

Landlords, farmers and agri-business professionals should
make plans to attend one of the informative meetings being held across Minnesota. These free
meetings are being provided by the University of Minnesota Extension. Farmland rental rates
are the largest input cost to the farmer. Determining a fair farmland rental agreement is always
challenging.
Negotiating a fair rental agreement that satisfies the landowner and the farmer is a challenge.
David Bau and Nathan Hulinsky, Extension educators in Ag Business Management, will provide
several ways to determine a fair farmland rental rate for both parties; by examples, factsheets and
worksheets.
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 2024 will be presented, along with current 2024 corn and soybean
prices. Worksheets will examine 2025 costs and what is affordable rent to pay in 2025, the rate
of return to the landlord at current market values and examine flexible rental agreements.
Make plans to attend one of these meetings now. No pre-registration is required. Attendees will
receive several informative worksheets and factsheets.
The meetings will be held from November 7 through December 16, in Pipestone, Sandstone,
Litchfield, Hutchinson, Melrose, Little Falls, Mankato, Alexandria, Preston, Caledonia, Buffalo,
Owatonna, Faribault, Thief River Falls, Sleepy Eye, Madison, Olivia, Rochester, Albert Lea,
Blue Earth, Gaylord, Slayton, Cologne, Jordan and St. Peter.
For a complete listing of workshops, go to: extension.umn.edu/courses-and-events/farmland-
rental-workshop