Sac County sets farmland leasing workshop July 31

SAC CITY – The Iowa State University Extension in Sac County has set a farmland leasing workshop for 9 a.m. on July 31, in the Extension office in Sac City.

Reservations are sought by calling (721) 662-7131.

The three-hour workshop is designed to assist landowners, tenants and other agri-business professionals with current issues related to farmland ownership, management and leasing agreements.

Attendees will receive a set of materials regarding farm leasing arrangements and farmland ownership. Resources on farmland surveys and leasing arrangements also are provided.

Topics covered will include:

Iowa cash rental rate survey and land values survey.

Comparison of different types of leases.

Lease termination.

Impacts of yields and prices.

Calculating a fair cash rent.

Use of spreadsheets to compare leases.

Issues unique to this year’s production and an outlook for 2014.

Available Internet resources

“Knowing the latest information and where to find the best resources will make decisions easier,” said Ann Johanns, program specialist with Extension farm management. “ISU Extension and Ag Decision Maker have helpful information and decision tools.”

Johanns said the Ag Decision Maker leasing section also provides materials for negotiating leases, information on various types of leases, lease forms and updated decision tools.