ST. PAUL — Minnesota’s farmers and landowners are facing difficult decisions about farmland rental rates for the 2020 growing season.
According to the most recent University of Minnesota figures, statewide rental rates declined 1.6% between 2017 and 2018, putting pressure on landlords’ bottom lines. At the same time, commodity prices for corn and soybean have plummeted, making farmland rental costs an important factor for farmers and their profit margins.
University of Minnesota Extension educators David Bau and Nathan Hulinsky are hosting workshopsaround Minnesota to help farmers, landlords and agriculture professionals determine fair farmland rental rates for all parties. Bau and Hulinsky, educators on the Ag Business Management team, are able to discuss the impact of rental rates on Minnesota farmers and landlords.
For more details about the meetings, go to www. extension.umn.edu/courses-and-events/farmland-rental-workshop or phone (612) 624-1222.