"Where Fillmore County News Comes First"
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Saturday, August 23rd, 2014
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What is a fair and profitable farm rental agreement?


By Jerrold Tesmer

Fri, Nov 15th, 2013
Posted in All Agriculture

By Jerrold Tesmer

Extension Educator

Fillmore/Houston Counties

Landlords, Farmers, Agri-Business Professionals should make plans to attend one of the informative meetings being held in Southeast Minnesota. These free meetings are being provided by the University of Minnesota Extension. Farm land rental rates have never been higher and determining a fair and profitable farm rent agreement is a challenge in today’s economy with recent record corn and soybean prices and record farm land values.

Negotiating a fair rental agreement that satisfies the land owner and the farmer is a challenge. David Bau, Extension Educator in Ag Business Management, will provide several ways; by examples, factsheets and worksheets to determine a fair farm land rental rate for both parties.

Topics covered at the meetings will include local historic and projected farmland rental rate trends, current farm land values and sales, a worksheet that will help determine a fair and profitable rental agreement. Input costs for 2014 will be presented along with current 2014 corn and soybean prices. Worksheets will examine 2014 costs and what is affordable rent that a farmer will be able to pay in 2014, the rate of return to the landlord at current market values and examine flexible rental agreements.

Make plans to attend one of these meetings now. Attendees will receive several informative worksheets and factsheets that will help to determine what is a fair and profitable 2014 farm land rental rate is.

The two meetings closest to this area will be held in Austin and Rochester. The Austin workshop will be held on Thursday, December 5 at 9:30 a.m. in the Mower County Commissioner’s Board Room, 2011 1st Street NE, Austin. The Rochester Workshop will be on Friday, December 6 with two sessions, 9:30 a.m. and 1:30 p.m. in the Auditorium UCR-Heintz Center, 1926 College View Road SE, Rochester.

For more information contact Dave Bau at 507-360-0664 or email bauxx003@umn.edu



64

Soils 101 workshop

By Jerrold Tesmer

Fri, Nov 8th, 2013
Posted in All Agriculture

Soils 101 is an intensive 8-hour class that provides a hands-on teaching environment designed to provide a basic understanding of soil science principles to producers and crop consultants. The class is beneficial for anyone who has never had a soils ..... 
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Land rent workshops

By Jerrold Tesmer

Fri, Nov 1st, 2013
Posted in All Agriculture

Three Land Rent Workshops have been scheduled for Houston, Fillmore, and Winona Counties. The first will be Thursday evening, November 7, 6:30 p.m. in room 108, Fillmore County Office Building, 902 Houston Street NW, Preston. The other two worksho ..... 
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New crop reporting deadline for forage and fall seeded crops

Fri, Nov 1st, 2013
Posted in All Agriculture

By Tammy Martin A new deadline has been established by the Farm Service Agency to report your forage and fall seeded small grains for the 2014 crop year. All of these crops along with pastures that you normally report must be certified by November ..... 
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Minnesota Farmers Market Association Fall Conference set for Nov. 7

Mon, Oct 28th, 2013
Posted in All Agriculture

ST. PAUL, Minn. – The Minnesota Farmers Market Association’s (MFMA) Fall Conference will highlight challenges farmers markets are facing. Two of the hottest issues in Minnesota’s local food include increasing Supplemental Nutrition Assistance P ..... 
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Multi-species cover cropping field day

Fri, Oct 25th, 2013
Posted in Rushford Agriculture

RUSHFORD, Minn. — A multi-species cover crop field day will take place on Wednesday, November 6, at the David and Sue Larson farm south of Rushford. This Land Stewardship Project (LSP) event will run from 10 a.m. to 11:30 a.m. and is free and open ..... 
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Houston County land rent projects slight increase for 2014

By Jerrold Tesmer

Fri, Oct 25th, 2013
Posted in All Agriculture

Based on the results of the recently completed Houston County Land Rent Survey, farmland rent continued to increase, although based on the projections for 2014 at a slower pace! There were 48 usable surveys down from last year with 3,326 tillable ac ..... 
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Fillmore land rent looks flat for 2014

By Jerrold Tesmer

Fri, Oct 18th, 2013
Posted in All Agriculture

75 percent of those responding to the Fillmore County Land Rent Survey projected the 2014 land rent would stay the same as 2013. 12 percent projected rent to drop and 13 percent projected rent to increase in 2014. Overall a $0.54 per acre increase i ..... 
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Kids Learn About Changing Farm Technology in WOW Program at Vesterheim

Tue, Oct 15th, 2013
Posted in All Agriculture

DECORAH, Iowa — Two hundred forty Decorah-area third-grade students and their teachers, parents, grandparents, and other adults participated in the WOW Program at Vesterheim, the national Norwegian-American museum and heritage center. The WOW (Wind ..... 
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