Farmland and machinery: Fair rent? Lease vs. purchase?

Extension to host farmland and machinery leasing meeting

With the rising price of farmland and several years of high crop prices, landlords and tenants are asking questions about what is a fair or equitable price to pay when renting crop land.  Machinery prices continue to rise, and farmers may be wondering whether a lease might be better for them than an outright purchase. These topics will be discussed at a “Farmland and Machinery Leasing” meeting at 7 p.m. Tuesday, Jan. 21 at Heritage Tractor, Inc., on U.S. Highway 56, east of Baldwin City.

“Creating Equitable Leases for Farmland: Crop Share/Cash Rent” will be discussed by Dr. Kevin Dhuyvetter, professor and Extension farm management specialist, Kansas State University.  Dhuyvetter has years of research and practical knowledge in looking at factors impacting land values and cropland leases.

Jeremy Knuth, vice president of sales for Heritage Tractor, Inc., will talk on “Financing Equipment Purchases: Lease Versus Installment Payment Plans.”

The meeting is cooperatively sponsored by K-State Research and Extension-Douglas, Johnson, Leavenworth, Miami, and Shawnee counties, and the Frontier Extension District. No pre-registration is necessary. Contact the Douglas County Extension Office at 785-843-7058 for more information.

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