Bulletin E-3427 Introduction to Renting Farmland

Summary

This publication offers guidance about how to navigate through the rental process and how to reduce the anxiety that often comes with it. We’ll review starting points for determining value, factors affecting farmland value, ways of finding average county rental rates, and types of lease agreements. We will also review how to approach rent negotiation with landowners, from preparing for first-time meetings to setting the stage for easier renewal conversations.

Categories

Source

Michigan State University Extension