Top Farmer Conference: January 10, 2025

As one of the most successful and longest-running management programs specifically crafted for farmers, the Purdue Top Farmer Conference is a one-day event for agricultural producers and agribusiness professionals looking to navigate the complexities of today's agricultural landscape. Participants will have the opportunity to network with peers and hear from farm management experts and agricultural economists from Purdue, Farm Credit Services of America, the University of Illinois Urbana-Champaign and Acres, a land value data analytics company.

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Flexible vs. Fixed Cash Rent Farmland Leases

Feeling like your cash rent is too high this year? Tune into this AgCast episode as we discuss farmland rental agreements, with a focus on flexible cash rent leases versus traditional cash rental and crop share arrangements. A comparison of cropland flex leases to cash rental agreements is provided 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.

Comparing Net Returns for Alternative Leasing Arrangements

Obtaining control of land through leasing has a long history in the United States. Leases on agricultural land are strongly influenced by local custom and tradition. However, in most areas, landowners and operators can choose from several types of lease arrangements. Flexible cash lease arrangements provide a base cash rent plus a bonus which typically represents a share of gross revenue in excess of a certain base value or threshold.

Long-run Cash Rent

Examine breakeven prices, earnings per acre, breakeven cash rents, and trends in working capital with this spreadsheet tool.

Farm Lease Types, Side X Side Digital Webinar

Michael Langemeier introduced the types of leases (cash rent, flex rent, and share rent) and discussed the advantages and disadvantages of each leasing arrangement during the August 2, 2023 Side By Side Digital Webinar. A comparison with risk/return tradeoffs between lease types was also included in the webinar discussion.

Incorporating Conservation Provisions into Crop Leases, Great Lake Crops Summit

Michael Langemeier presented Incorporating Conservation Provisions into Crop Leases at the Great Lake Crops Summit in Mt. Pleasant, Michigan.

Comparisons of Net Returns for Crop Share Leases and a Fixed Cash Rent Lease

This article updates net return projections for 2021, and compares the net returns of two crop share leasing arrangements with a fixed cash rent leasing arrangement.

Leasing Land

A series of leasing articles that discuss cash rents and land values: Leasing Principles for Cropland, Providing Reports for Crop Landowners, Flexible Cash Rent Leases, Incorporating Conservation Practices & Improvements into Cropland Leases?, Should I Use an Annual or Multi-Year Cropland Lease?

Flexible Cash Lease Comparisons

Compare the net returns of a crop share arrangement with two flexible cash lease arrangements.

Evaluating Your Farmland Rental “Options”

Gross revenues for most Indiana corn and soybean farms reached unprecedented levels during 2006 through 2013, but declined sharply in 2014 and 2015. The revenue decline, which will be exacerbated on many Indiana farms by yield reductions caused by this spring and summer’s excessive rainfall, is putting tremendous pressure on operating margins.

Pasture Rental Arrangements

The purpose of this publication is to help tenants and landlords make sound decisions and develop workable pasture rental arrangements. The publication demonstrates how to determine the landowner and livestock owner contributions to livestock production and how to use that to arrive at agreeable leasing arrangements.

Center for Commercial Agriculture