Leasing Meeting Image

(OSAGE)– 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 Mitchell County is hosting a farmland leasing meeting on August 14, at 9 A.M. to address questions that land owners, tenants, or other interested individuals have about farmland leasing.
The meeting will be held at the VFW Post 7920, 3693 Hwy. 218, Osage. 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 included with registration 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.
Registration is $20 per individual. An additional $5 fee will be added if registering less than two calendar days before the workshop. Pre-register by calling the Mitchell County Extension and Outreach office at 641-732-5574.

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