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Sac City to host Aug. 12 farmland leasing meeting

By Staff | Jul 27, 2015

SAC CITY – Iowa State University Extension is set to host a farmland leasing meeting at 9:30 a.m. Aug. 12 at the Sac County ISU Extension office, 620 Park Ave. in Sac City. The annual meeting is offered to address questions that land owners, tenants or other interested individuals have about leasing farmland.

“More than half of Iowa’s farmland is rented, and strong landlord, tenant relationships are important for the long-term viability of Iowa’s valuable farmland,” said Shane Ellis, farm management specialist with ISU Extension. “Iowa farmland cash rental rates decreased by $14 an acre from 2014-2015; every district in Iowa showed a decline in reported rental values. The decreases ranged from $24 in Central Iowa to $4 in northeast Iowa. Northeast Iowa reported the highest average in 2015 at $273, and the lowest district value was $187 in south central Iowa.”

The three-hour workshop is designed to assist landowners, farm tenants and other agribusiness professionals with current issues related to farmland ownership, management and leasing arrangements. Attendees will gain understanding of current cash rental rate surveys and factors driving next year’s rents such as market trends and input costs. Additional information on the 2014 Iowa State Land Value Survey, 2014 Farm Bill, flexible leases, Corn Suitability Rating Index, and Iowa’s Nutrient Reduction Strategy will be presented.

Each registrant will receive a 100-page workbook with resources regarding land leasing agreements such as surveys, sample written lease agreements, termination forms, and many other publications. Similar meetings are being held across the region during July and August.

Registration is $20 per individual or $30 per couple and includes materials. An additional $5 fee will be added if registering less than two calendar days before the meeting date. To register contact the Sac County ISU Extension office at (712) 662-7131 or kalohff@iastate.edu.

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