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Houston County land rent survey mirrors national trend


Thu, Dec 15th, 2011
Posted in Agriculture

Based on the results of the recently completed Houston County Land Rent Survey, the farmland rent trend mirrors the rest of the nation. Participation increased to sixty-eight usable parcel surveys representing 4,935 acres of tillable crop land. I especially want to thank Kevin Elton and the Houston County FSA Office for including the Houston County Land Rent Survey in their recent mailing.

The range of responses in the survey went from $37.50 to $300 /acre. The 2011 average rent per tillable acre reported was $157.17 /acre, up from the 2011 projection of $142.45 in last year's survey. The projection for 2012 is $162.45 /acre. No one projected a rental decrease.

Strangely enough, those who filled out the survey form last year and checked the box Operator or Landowner was exactly at 50 percent. This year's survey only had 68 percent respond to that question, and those that did were 80 percent landlords.

I started breaking out the results by parcel size a few years ago. The survey showed parcels of less than 20 acres averaged $131.55 /acre, while those parcels from 20-79 acres averaged $150.25. It would appear small parcels are discounted almost $30/acre while the mid-size parcels are discounted much less.

Other information gathered with the survey include: 15 percent rent from a family member, and averaged $141.35 /acre; 12 percent have other facilities such as grain bins or pole sheds included.

When rental payments are made is also of interest. The most common by far is the first half payment in the spring and the second half in the fall.

Completed responses included:

½ spring, ½ fall 69%

All fall 4%

All Spring 15%

Other Schedules 12%

This is my seventh year for the Houston County Land Rent Survey. Each year, something unique appears. This year, when looking at township results, it seemed that in many townships the range is about $100 from the lowest rent reported to the highest. There were responses from sixteen townships, so a good cross section of Houston County. For those townships with three or more responses I do a township average and range. To discuss these results or receive a copy, contact the Houston County Extension Office at 507-725-5807 or tesme001@umn.edu, or check the University of Minnesota Extension website at www.extension.umn.edu/county/houston.

Another source of land rent information is at the Center for Farm Financial Management at ww .....
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64

AgStar Financial Services making changes in Preston

Fri, Dec 9th, 2011
Posted in Agriculture

Preston, Minn.- There's a new look in downtown Preston. The AgStar Financial Services awning has been replaced by a Lookout Ridge Consulting awning. Not to worry, Lookout Ridge Consulting is a division of AgStar that covers tax, accounting, successi ..... 
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2011 Research results available

Fri, Dec 9th, 2011
Posted in Agriculture

The results from a number of University of Minnesota 2011 research trials are becoming available. I have received individual results on MN Corn Hybrid Performance Trials, Corn Response to Micronutrients across Minnesota, Soybean Response to Micronut ..... 
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Farm service agency news

Fri, Dec 9th, 2011
Posted in Agriculture

Foreign persons must report U.S. agricultural land holdings

Preston, MN - Nov 25, 2011 - Fillmore County USDA Farm Service Agency (FSA) Executive Director, Tammy Martin, reminds foreign persons with an interest in agricultural lands in the U ..... 
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Fillmore County farmer tells his story

Fri, Dec 9th, 2011
Posted in Agriculture

Chatfield, MN-December 5, 2011-Fillmore County farmer Eric Thorn can't imagine working any career other than farming, and he wants to share his passion for the farming lifestyle with others. That is why he has joined a group of Minnesota farmers in ..... 
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Ag statistics has many stories to tell

Fri, Nov 25th, 2011
Posted in Agriculture

Russ Krech was right! Years ago, I would often bring up the fact that Fillmore County was Number One in beef cows. Russ Krech, retired Houston County Ag Agent, would always come back with the statement that on a tillable acre basis Houston County ha ..... 
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Cattle Feeder Day

Fri, Nov 18th, 2011
Posted in Agriculture

The University of Minnesota Beef Team will present the 2011 Minnesota Cattle Feeder Days at four locations this December. The Southeast Minnesota location will be Thursday, December 8 at American's Best Value Inn (formerly La Quinta Inn), Rochester. ..... 
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AgStar Home Mortgage Services launches the "You Make the Difference" campaign

Fri, Nov 11th, 2011
Posted in Agriculture

AgStar Home Mortgage Services, a division of AgStar Financial Services, ACA is excited to announce its "You Make the Difference" campaign. Volunteers from any of the 69 counties in AgStar's local service area can submit an entry on AgStar Home's Fac ..... 
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Grazing research for Minnesota's future- 2011 video conference

Fri, Nov 11th, 2011
Posted in Agriculture

Join us on Thursday, December 8 for the first-ever Grazing Video Conference - an opportunity for graziers and researchers to network and communicate about current and future grazing research needs. This innovative, interactive event will be held at ..... 
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