Land rent meetings in Central Minnesota, Nov. 3 and 16

By Nathan Drewitz, U of M Extension

Landlords, farmers, and agri-business professionals should make plans to attend one of the land rent meetings being held across Central Minnesota. These free meetings are offered by University of Minnesota Extension. Farmland rental rates are the largest input cost, and a fair farm rent agreement is a challenge in today’s economy with current corn and soybeans prices in 2021.

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 2021 will be presented along with current 2021 corn and soybean prices. Worksheets will examine 2022 costs and what is affordable rent that a farmer will be able to pay in 2022, the rate of return to the landlord at current market values, and flexible rental agreements.

Scheduled meetings

• Nov. 3, – 10-11:30 a.m. at Little Falls Chamber of Commerce, 200 1st St. N.W., Little Falls MN 56345.

• Nov. 16, – 1-2:30 p.m. at the True North Marketplace–Cornerstone Café, 223 Kraft Dr. S.E., Melrose MN 56352.

You can preregister by going to z.umn.edu/CMNLandRent or by calling/emailing Nathan Drewitz at (608) 515-4414 or ndrewitz@umn.edu to secure your seat. To receive future events, educational programming, and agronomic updates by email, sign up at http://z.umn.edu/tricountysignup.