Attend Farmland Leasing Meetings to increase understanding of rental agreements

Written by Theresa Rose on July 17, 2015

Farm tenants and land owners are encouraged to attend August 5 in Wapello
Wapello, Iowa – Iowa State University Extension and Outreach in Louisa County is hosting a farmland leasing meeting on August 5, 2015, at 6:00pm, at the Louisa County Extension Office, 317 Van Buren in Wapello. The annual meeting is offered to address questions that land owners, tenants or other interested individuals have about leasing farmland.

“More than half of Iowa’s farmland is rented, and strong landlord/tenant relationships are important for the long-term viability of Iowa’s valuable farmland,” said Charles Brown, farm management specialist with ISU Extension and Outreach. “Iowa farmland cash rental rates decreased by $14 an acre from 2014 to 2015; every district in Iowa showed a decline in reported rental values. The decreases ranged from $24 in Central Iowa to $4 in northeast Iowa. Northeast Iowa reported the highest average in 2015 at $273, and the lowest district value was $187 in south central Iowa.”

The three-hour workshop is designed to assist landowners, farm tenants and other agri-business professionals with current issues related to farmland ownership, management and leasing arrangements. Attendees will gain understanding of current cash rental rate surveys and factors driving next year’s rents such as market trends and input costs. Additional information on the 2014 Iowa State Land Value Survey, 2014 Farm Bill, flexible leases, Corn Suitability Rating Index (CSR2) and Iowa’s Nutrient Reduction Strategy will be presented.

Each registrant will receive a 100-page workbook with resources regarding land leasing agreements such as surveys, sample written lease agreements and termination forms and many other publications. Similar meetings are being held across the region during July and August.

Attend a local meeting
Registration is required and is $20 per individual or $30 per pair and includes materials. An additional $5 fee will be added if registering after July 31. To register contact the Louisa County ISU Extension and Outreach office at 319.523.2371 or vancek@iastate.edu.