More than half of Iowa farmland is rented, and the percentage of farmland rented has increased over time due to the changing demographics of farmland owners. Iowa farmland cash rental rates decreased by $10 an acre from 2013 to 2014; northeast Iowa cash rental rates decreased by over 1.4 percent in 2014. Additionally, farmland values have increased by 7.4 percent in northeast Iowa from 2012 to 2013, but have leveled off in the first quarter of 2014.
Iowa State University Extension and Outreach in Black Hawk County is hosting a farmland leasing meeting on Friday, August 15, 2014 at 9 am to address questions that land owners, tenants, or other interested individuals have about farmland leasing.
The meeting will be held at Hawkeye Community College, Tama Hall, located at 1505 E. Orange Road in Waterloo. The meeting is approximately 2½ hours in length.
Attendees will gain understanding of current cash rental rate surveys and factors driving next year’s rents such as market trends and input costs. They will learn about types of leases and results of farmland value surveys. Additionally, information on 2012 Census, Farm Bill, CSR2, and Nutrient Reduction Strategy will be presented. A 100-page workbook will be included with registration that includes land leasing information such as surveys, sample written lease agreement and termination forms, and many other publications.
“Due to changes in commodity markets, cash rent values, and government programs farmland owners and tenants may have more decisions over the next year than in previous years, and this meeting provides information to stay up to date on farmland lease issues,” says Kristen Schulte, ISU Extension and Outreach Farm and Ag Business Management Specialist. Schulte will be the presenter at the meeting.
Registration is $20 per individual. An additional $5 fee will be added if registering less than two calendar days before the workshop. Pre-register by calling the Black Hawk County Extension and Outreach office at 319.234.6811.