Thoughts on Land Rental Agreements for 2015
7 January '15
As we kick off 2015, here are some thoughts on land rental agreements for the upcoming year, from Patrick Lynch, Certified Crop Advisor:
A successful land rental agreement must be beneficial to the landlord and the renter. Landlord concerns include "will I get paid, will my land be worth more next year than it is this year, will my renter take short cuts this in 2015 because of lower commodity prices?”
Renters fears include “will my landlord want more money or even as much as I paid in 2014 and 2013?"
The reality is that for 2015 there will be less profit in growing cash crops than there was the last two years. And it may be no better in 2016.
Why Renting Farmland by Tender is the Smart Choice
5 December '14
In today’s market for agricultural land, demand remains strong for farmland, most notably for quality crop land suitable for growing grains.
With high demand for land, and with land renting on the rise, it’s no wonder lease rates for renting land are such a hot topic.
This is a particularly hot topic for farmland owners. In fact, over 99% of landowners we speak with share the same question: What is the going rate for rental land? Now if you’re not sure why that question is so tricky, we recommend you read our blog about the key determinants of rental land, but in a nutshell – there simply is no ‘going rate’ that can assure a landowner of the rental value of their own land.
So what does this mean? It means that farmland rental prices can be a very murky area.
Despite being so difficult to ‘find’ a going rate, the importance of a fair price can translate into real dollars and cents for a landowner....
Should I Sell Cereal Straw?
21 July '14
Summer wheat harvest is on many farmers' agendas, so Patrick Lynch, Certified Crop Advisor, answers an important question: 'should I sell straw or spread it?'
Farmland Leases: Keeping Your Landlord Informed
29 May '14
We touched base again with Patrick Lynch, Certified Crop Advisor to get his take on how farmland lease tenants can effectively communicate with their landlords about what’s taking place on the land.
What Should Farm Landowners Consider When it Comes to Fertilizing the Land?
13 March '14
Often, this value is an outcome of what’s defined in the lease agreement itself.