Determining Land Rental Rates

An outline of several strategies, put together by Don Hofstrand and William Edwards from Iowa State University, is available online at www.extension.iastate.edu/AgDM/wholefarm/html/c2-20.html. Another resource is the "Fair Rent" software program created by the Center for Farm Financial Management at the University of Minnesota. Contact the center at 800-234-1111, 612-625-1964 or cffm@umn.edu. Many extension offices carry information about these programs.

Source: Ohio State University.