Farmland Leasing Arrangements

Ron Hook, Field Specialist-Farm Management, Northwest Area

Problem Statement

Many farmland leases are renegotiated each year.  Tenants and landlords need current information in order to make an informed decision regarding the terms of the lease for the next year.

Programmatic Response

Farmland Leasing Arrangements workshops were conducted around the state of Iowa by Extension Farm Management Specialists during the summer of 2006.  This workshop provides current information on land values, cash rental rates and other factors that should be considered in farmland leasing arrangements.  Seven workshops were held in northwest Iowa with 132 participants.

Impact/Outcome

A survey of participants conducted at the end of the workshops was completed by 99 individuals.


        Trends in farmland values increased from 3.38 to 4.16 on a 1 to 5 scale
        Farmland leasing trends increased from 3.24 to 4.16 on a 1 to 5 scale
        Determining a fair cash rent value increased from 3.08 to 4.17 on a 1 to 5 scale
        Legal issues related to renting farmland increased from 3.26 to 4.11 on a 1 to 5 scale
        Resources available from ISU Extension for farmland leasing information increased
          from 3.05 to 4.28 on a 1 to 5 scale

2006
104 Agricultural Risk and Financial Management


 

Page last updated: January 8, 2007
Page maintained by Linda Schultz, lschultz@iastate.edu