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Cash-Rent Session Set in Plymouth


Published: Friday, November 8, 2019

Marshall County Extension will host a program on Nov. 19 to discuss farm ground rent and various types of contracts. The meeting will start at 6:30 p.m. Location is room 304 of the Marshall County Bldg. in Plymouth. It is the three-story brick building east of the Marshall County Court House.

What is a fair cash rent? As the cash follow challenge continues for grain farmers, what is the projections for 2020? How does flexible arrangements compare with fixed and share contracts? Robert Yoder, Extension educator ANR, will lead a discussion on this topic while sharing information from Michael Langemeier, Purdue agriculture economist, on various lease arrangements.

There are resources from the Purdue University Department of Agriculture Economics Department that will be reviewed including the annual land value and cash rent survey, and Purdue Crop Cost and Return publication. Purdue University of Center of Commercial Agriculture has several educational pieces as well, with one on trends in farm ground rental arrangements that will be reviewed at this meeting.

It is important to understand farm ground production potential. The Natural Resource Conservation Service soil survey web page is a good unbiased source of information on crop production potential of various soil types. This tool will be demonstrated at this meeting.

Renting of farm ground continues to be an important discussion between landlord and tenant. This past decade has been challenging to determine fair rents. Area farmers have had a difficult growing season this year and marketing challenges to achieve breakeven grain values. Will grain values be more predictable in 2020? These are some challenges when considering cash rents.

Robert Yoder, Purdue Extension educator ANR, works with clientele on this question of crop ground rental arrangements on a regular basis. He is holding this meeting to share information on this topic and to share tools that he utilizes when working on this topic with clientele.

If you plan to attend, call Extension office 574/935-8545 or email ryoder@purdue.edu. The goal of this meeting is to share information tools available to utilizing farm ground rental arrangements and answer questions about this process.

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