Iowa State University Extension is hosting a number of farmland leasing meetings during July and August at various times and locations throughout Iowa. These annual meetings are offered each summer to address questions that landowners, tenants or other interested individuals have about leasing farmland. These farmland leasing meetings can help increase your understanding of rental agreements.
"More than half of Iowa's farmland is rented, and strong landlord-tenant relationships are important for the long-term viability of Iowa's valuable farmland," points out Ann Johanns, program specialist with ISU Extension and Outreach. "Iowa farmland cash rental rates decreased by $14 an acre from 2014 to 2015; every district in Iowa showed a decline in reported rental values. The decreases ranged from $24 in central Iowa to $4 in northeast Iowa. Northeast Iowa reported the highest average in 2015 at $273 per acre, and the lowest district value was $187 per acre in south-central Iowa."
Workshops are for landowners, farm tenants and others
The three-hour workshop is designed to assist landowners, farm tenants and other agri-business professionals with current issues related to farmland ownership, management and leasing arrangements. Attendees will gain understanding of current cash rental rate surveys and factors driving next year's rents such as market trends and input costs. Additional information on the 2014 Iowa State Land Value Survey, 2014 Farm Bill, flexible leases, Corn Suitability Rating Index (CSR2) and Iowa's Nutrient Reduction Strategy will be presented.
Each registrant will receive a 100-page workbook with resources regarding land leasing agreements such as surveys, sample written lease agreements and termination forms and many other publications.
Attend a local meeting nearby to get latest information
These leasing meetings being held across Iowa are facilitated by farm management specialists with ISU Extension and Outreach. A listing of county Extension offices hosting the meetings will be available on the ISU Extension and Outreach online calendar for July and August, and at Ag Decision Maker.
For registration information, contact your local ISU Extension and Outreach county office. Preregistration is encouraged, as an additional $5 fee will be added if registering fewer than two calendar days before the meeting date. The Ag Decision Maker leasing section also provides useful materials for negotiating leases, information on various types of leases, lease forms and newly updated Decision Tools.
For farm management information and analysis visit ISU's Ag Decision Maker site extension.iastate.edu/agdm; ISU farm management specialist Steve Johnson's site is extension.iastate.edu/polk/farm-management. He is the ISU Extension farm management specialist for central Iowa. Contact him at sdjohns.iastate.edu.