New Tool Assists Farmers in Evaluating Rent Payment Options
The University of Minnesota’s Center for Farm Financial Management has developed a new tool to help agricultural landlords and tenants evaluate various rental price arrangements and select the one that best fits their operation. Their new tool, FairRent, allows producers to evaluate a traditional cash rent contract, a crop share rental agreement, and seven alternative flex lease options.
Tiffany Dowell grew up on her family farm and ranch in Northeastern New Mexico and is currently an Assistant Professor and Extension Specialist in Ag law with Texas A&M Agrilife Extension. This information is for educational purposes only, does not create an attorney-client relationship, and is not a substitute for the advice of a licensed attorney.