Farmland Leasing Meeting Set for August 5th
More than half of Iowa farmland is rented, and the percentage of farmland rented has increased over time due to the changing demographics of farmland owners. Iowa farmland cash rental rates decreased by $10 an acre from 2013 to 2014; northeast Iowa cash rental rates decreased by over 1.4 percent in 2014. Additionally, farmland values have increased by 7.4 percent in northeast Iowa from 2012 to 2013, but have leveled off in the first quarter of 2014.
Iowa State University Extension and Outreach in Buchanan County and BankIowa are hosting a farmland leasing meeting on Tuesday, August 5, at 1:30 p.m. to address questions that land owners, tenants, or other interested individuals have about farmland leasing.
The meeting will be held at Heartland Acres Events Center located at 2600 Swan Lake Blvd. in Independence. The meeting is approximately 2 ½ hours in length. Similar meetings are being held across northeast Iowa during the first three weeks of August.
Attendees will gain understanding of current cash rental rate surveys and factors driving next year’s rents such as market trends and input costs. They will learn about types of leases and results of farmland value surveys. Additionally, information on 2012 Census, Farm Bill, CSR2, and Nutrient Reduction Strategy will be presented. A 100-page workbook will be available for a cost of $10 that includes land leasing information such as surveys, sample written lease agreement and termination forms, and many other publications.
“Due to changes in commodity markets, cash rent values, and government programs farmland owners and tenants may have more decisions over the next year than in previous years, and this meeting provides information to stay up to date on farmland lease issues”, says Kristen Schulte, ISU Extension and Outreach Farm and Ag Business Management Specialist. Schulte will be the presenter at the meeting.
Thanks to BankIowa there will be no registration fee to attend this program. However,
pre-registration is required by calling Buchanan County ISU Extension and Outreach at 319-334-7161.
Farmland Leasing Flyer
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