Farmers and landowners seeking guidance on cash rent negotiations have a new resource.
Kevin Brooks, University of Illinois Extension educator in farm business management and marketing, tells Brownfield…
“The number one question that we get into extension offices concerning agriculture is ‘What should cash rent be?’” He says, “There’s a lot that goes into that equation. The first question we ask is ‘How does your farm perform?’ And oftentimes the answer back is ‘Well, I really don’t know.’”
Brooks encourages landowners to be engaged in the process…
“Anybody can write that into their cash lease to get the yields.” He says, “I also do recommend verifying them and most farmers are pretty willing to turn those over.
