Farmland rental arrangements don't fall into a one size fits all category. University of Nebraska-Lincoln Extension and the Nebraska Soybean Board are sponsoring an update on how to set up leases on March 14.
The program is from 9:30 a.m. to noon at the university's Agricultural Research & Development Center near Mead.
Finding the right farmland rental agreement entails finding what fits both the landlord and tenant for their circumstance and situation. Attending this presentation will provide a set of ideas to work from as those specifics are discussed.
Roy Smith will provide an economic analysis of a cash rental arrangement vs. a crop share lease arrangement for southeast Nebraska dryland farming conditions. Smith grows soybeans and corn near Plattsmouth and is past president of the Nebraska Soybean Association and past vice-president of the American Soybean Association.
Allan Vyhnalek is an Extension Educator in Platte County who specializes in farm lease and rental arrangements. He will address current trends in land values and leasing; expectations from the lease, including goal setting for the rental property; determining appropriate information sharing for both the tenant and landlord; tips for farm leases that include relatives; irrigation system questions related to setting lease rates; and alternative cash lease arrangements.
For more information, contact UNL Extension at 402-624-8030, 800-529-8030, e-mail Keith Glewen at firstname.lastname@example.org, or go online at http://ardc.unl.edu/training.shtml.