Getting Started
Leasing Land Fundamentals
Before you enter your next lease discussion, review:
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Understanding the pros and cons of common leasing arrangements.
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The role of market conditions and land values in cash rent negotiations.
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Using flexible lease agreements to share risk and reward.
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Aligning lease terms with your farm’s business strategy.
NEW 2025 Purdue Report
The survey shows Indiana land prices continue to rise and are anticipated to continue a modest increase for the rest of 2025 for most of the state. So what's that mean for you...
Flexible Cash Rent Leases
Flex leases combine a base rent with a possibility of a bonus, which is typically based on gross revenue triggers or gross revenue above production costs plus base rent. Flexible cash rent leases enable a landowner to share additional income that results from unexpected increases in crop prices and/or yields. For the operator, risk is reduced as cash rent is lower if crop prices and/or yields are less than normal.
Irrigated Ground, Pasture & Hay Leases
The Purdue Cash Rent and Land Value Survey has not included questions on irrigated, pasture or hay ground leases due to low response rates in Indiana, but there are ways to calculate lease rates for these based on the regional and state level dryland cropland values, as well as using USDA NASS information. We highlights terms related to the three P’s of irrigation: pivot, pump, and power; the big three in pasture: fencing, water supply, and controlling noxious weeds; as well as cow-calf pairs and hay cash rental calculations. Offering practical advice for both landlords and operators on fair rental agreements.