How much rent should I get for my farm?

Farm Scene

University of Missouri Extension agriculture business specialists discuss issues such as when a tenant should pay part of the rent, how and when to terminate a lease and how much rent is fair at the Farm Lease Program on Tuesday, Sept. 20.

The program runs from 6 to 9 p.m. at the following sites:

Keytesville High School Multipurpose Room, 27247 Highway 5, Keytesville

Clark County Extension Center, courthouse basement, 111 Court St., Kahoka

FCS Financial Hannibal Center, 3200 U.S. 61, Hannibal

Northwest Technical School Room #2, 1515 S. Munn Ave., Maryville

Audrain County CourthouseBasement Community Room, 101 N. Jefferson St., Mexico

Salem Community Center at the Armory, 1200 W. Rolla Road, Salem.

“Farm leases are a very hot topic right now with cash rents at their current level and crop and livestock prices dropping, so landlords and tenants need to make certain they’re getting what they believe they should be,” says workshop presenter Joe Koenen, MU Extension agricultural business specialist.

“There are many issues that both farm landlords and tenants need to be aware of. This program is designed to address these issues,” says Koenen.

Workshop topics include

 

  • current cash rents in Missouri and trends,
  • items to discuss and agree on in a lease,
  • when and how to legally terminate a farm lease,
  • recreational (hunting) leases and
  • fair livestock and crop share arrangements.

Koenen and other MU Extension specialists presenting the program have worked on farm leases with landlords and tenants for many years. They present the program through Skype. Participants can see and interact with instructors and participants at other sites.

The program costs $25 per person or $35 per couple or two or more from the same operation. Cost includes one set of materials and refreshments. Preregister by Sept. 16.

For more information, contact Koenen at Putnam County Extension Center at 660-947-2705 or [email protected]. You may also contact the site in your area.