What is a fair farm rental agreement?

By By Katie Drewitz, University of Minnesota Extension 

The University of Minnesota Extension is hosting land rent workshops again this fall. Landlords, farmers and agri-business professionals should consider attending one of the free, informative, in-person meetings held across Minnesota in late October through mid-December. 

Farmland rental rates are the largest input cost the farmer has, and 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 examples, fact sheets and worksheets to aid in determining a fair farmland rental rate for both parties.

The land rent workshop will be held locally in both Fillmore and Houston counties on Tuesday, Oct. 31. In Fillmore County, the workshop will be held from 9:30 to 11:30 a.m., at the Fillmore County Office Room 108 located at 902 Houston Street NW in Preston, Minn. Houston County’s workshop will be held from 1:30 to 3:30 p.m., at the Criminal Justice Center basement meeting room, 306 South Marshall Street in Caledonia, Minn. Pre-registration is not required.

Visit www.extension.umn.edu and search “land rent workshop” in late October for the complete schedule of dates and workshop locations. Following completion of workshops, follow-up zoom meetings will be scheduled regionally across the state starting in January 2024. 

If you have questions about land rent, these events or other agriculture, horticulture or natural resources, reach out to your local Extension Educator. Residents in Fillmore and Houston counties can call 507-765-3896 or 507-725-5807 or email wins0115@umn.edu. 

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