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Cropland Rental Tool (CROPRENT)

Producers are faced with a variety of cropland rental options; however, most existing decision tools are programmed for corn, soybeans, and wheat.

  • Flexible cash rents are one option.
    • Tenants and landowners share in the risk associated with volatile commodity prices and uncertain yields.
  • Requires good communication between tenant and landowner.
    • Must agree on base cash rent/yield/price, minimum/maximum rent, method to determine actual yield/price.
  • Excel-based decision tool that can be used by tenants/landowners to:
    • Project rental options as part of the planning/budgeting phase;
    • Negotiate with landowners/tenants; and
    • Finalize actual rent at harvest if using a flexible cash rent option.
 

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