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.
- The overall quality of this educational program was rated 4.25 out of a possible 5.
- The quality of presentation was rated 4.38 out of a possible 5.
- The Breeze presentation was rated 4.25 out of a possible 5.
- The Farmland Leasing 2006 booklet was rated 4.35 out of a possible 5.
- Program registration, cost, location, facilities and refreshments were rated 4.34 out of a possible 5.
- 45% indicated that they had learned about the program from newspaper advertising.
- 49% indicated that they were non-farming landowners and 37% were active farmers.
- Participants indicated that they currently own, operate, or manage 66,117 acres of farmland an average of 760 acres per landowner.
- Participants indicated the possibility of making changes in their farmland leasing arrangement as 3.3 out of a possible 5 with 1 being Unlikely and 5 being Likely.
- Participants were asked about their knowledge of various aspects of leasing before and after the program:
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
