Farm land leasing info available July 30

With the continued increases occurring in farmland values, many people are asking, "What will cash rental rates look like for the 2013 crop year?"

Setting cash rental rates in stable times is hard enough. Setting cash rental rates when there are volatile prices for corn, soybeans, and input cost, is even more difficult.

Iowa State University Extension and Outreach (ISUEO) is offering a Farm Land Leasing workshop on Monday, July 30, from 6:30 p.m. – 9 p.m. at the Washington County Extension Office at 2223 250th St. in Washington.

Jim Jensen, ISU Extension Farm Management Specialist, will be the presenter. According to Jensen, "The 2012 Extension Cash Rental Survey is out and will be discussed as well as the profit potential for tenants.”

Are cash rents keeping up with land values that have increased over 80% in the past five years?

Jensen will be discussing land values, leasing practices, and lead an interactive discussion on methods to calculate cash rent.

Jensen stated, "The most frequent stumbling block for setting a cash rental rate is determining the land quality of the farm.

Rents on various quality soils and ways to determine land quality will be discussed.

The Farm Land Leasing workshop cost is $25 per person and includes the 2012 Farm Leasing Arrangement booklet and copies of the presentation.

To register call the Washington County Extension Office at 319-653-4811. Registration cost can be paid at the door.