Oct 25 2024 32 mins
Join Purdue ag economists Michael Langemeier, Todd Kuethe, and James Mintert as they discuss farmland rental agreements, with a focus on flexible cash rent leases versus traditional cash rental and crop share arrangements. They combine their comparison of cropland flex leases to cash rental agreements with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. The discussion covers cash rental trends in west central Indiana, the economic factors influencing changes in rental rates, and the relationship between net returns to land and cash rental rates. They also discuss the benefits and challenges associated with flex leases, emphasizing the importance of clear agreements. The episode also provides an update on Indiana farmland values and points listeners to the array of farmland leasing resources available on the Purdue Center for Commercial Agriculture's website.
Podcast provided by Purdue University's Center for Commercial Agriculture. Slides and the transcript from the discussion can be found at https://purdue.ag/agcast177.
You can find the FULL video episode on our YouTube channel. Visit https://youtu.be/87bpXxTwm58 to subscribe and watch.
For additional resources and publications on leasing, visit: https://purdue.ag/leasingland. The full August Purdue Agricultural Economics Report with 2024 survey results for farmland values and cash rental rates can be found by visiting: https://purdue.ag/paer.
To learn more about Indiana's 2024 farmland values, listen episode 173 for an in-depth understanding of trends, market dynamics, and future expectations for farmland values with professors Kuethe, Langemeier and Mintert: https://purdue.ag/agcast173 And learn more about Indiana's 2024 farmland cash rental rates by listening to episode 174: https://purdue.ag/agcast174
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