Farmland Leasing Meeting to Increase Understanding of Rental Agreements

Written by Theresa Rose on August 4, 2016

Farm tenants and land owners are encouraged to attend August 10 in Donnellson

Donnellson, Iowa – Iowa State University Extension and Outreach in Lee County is hosting a farmland leasing meeting on August 10 at 9:00 am at the Lee County Extension office at 414 North Main in Donnellson. The annual meeting is offered to address questions that land owners, tenants or other interested individuals have about leasing farmland.

 

Topics will include land values and cash rent trends, cost of production, methods for determining a rental rate, legislative updates regarding leases and communicating with tenants or landlords.

 

“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 Alejandro Plastina, assistant professor of economics and extension economist at Iowa State University. “Cash rent values across the state of Iowa have declined for the third consecutive year, dropping by 6.5 percent from 2015. Every crop reporting district in the state saw a decline in rental prices.”

 

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 a better understanding of current cash rental rate surveys and factors driving next year’s rents such as market trends and input costs.

 

Each registrant will receive a 100-page workbook with resources regarding land leasing agreements such as surveys, sample written lease agreements and termination forms, along with many other publications. The workbook may be included in the registration fee in some county meetings and available for purchase in others.

 

Attend a local meeting

Registration is $25 per individual or $35 per couple and includes materials. Preregistration is encouraged as an additional $5 fee will be added if registering less than two calendar days before the meeting date. To register contact the ISU Extension and Outreach Lee County office at 319-835-5116 or msanders@iastate.edu.

 

The leasing meetings being held across Iowa are facilitated by farm management specialists with ISU Extension and Outreach.

 

The Ag Decision Maker website provides useful materials for negotiating leases, information on various types of leases, lease forms and newly updated Decision Tools.