Cash rent lease agreements for farmland are popular because the lease is simple, the rent is fixed and the landowner is relieved of making operating and marketing decisions. Likewise, the tenant has maximum freedom to plan and develop both the cropping and livestock programs. The risk and returns from changing prices, yields and costs are all borne by the tenant.
As we turn the calendar to August, a question shared by landowners and tenants is, "what is a fair cash rent for the 2012 crop year?" To provide some insight to that question, Iowa State University (ISU) Extension is conducting Farmland Leasing Workshops in communities in the area.
These workshops are designed to assist landowners, tenants, and other agribusiness professionals with issues related to farmland leasing, ownership, and management. A review of the trends in farmland value and determining a fair cash rental rate will be discussed. Other topics include: types of farm lease arrangements, strategies for writing and terminating a farm lease, and factors affecting farmland leasing.
Locations, dates, times, and contact information of the workshops are as follows: Aug. 8 at 7 p.m. at Sac County Extension in Sac City, Aug. 9 at 1 p.m. Iowa Trust Bank in Laurens, Aug. 22 at 1 p.m. at Greene County Ext. Office in Jefferson, Aug 23 at 1 p.m. at Western Iowa Tech Community College in Cherokee, Aug. 24 at 1 p.m. at Carroll County Ext. Office in Carroll and Aug. 25 at 1 p.m. at Buena Vista Co. Ext. Office in Storm Lake.
The fee for the 2 ½ hour workshop is $20 per individual or $30 per couple (sharing one set of materials). Each registrant will receive a 100-page booklet of useful materials about farm leasing arrangements, including reproducible lease forms.
Participants are encouraged, but not required, to pre-register two days in advance of the workshop they wish to attend. This will assist Extension staff with program planning.
For additional meeting details go to: http://www.extension.iastate.edu/agdm/in...