The landlord and tenant need to discuss improvements and repairs of the property before the lease begins. There is no right answer as to who should pay for what. A written lease detailing the responsibility of each party and agreeing to these items ahead of time will make the landlord-tenant relationship less troublesome.
Leases play an important role for over 22,600 farms in the state. Yet many farm landlords and tenants are unfamiliar with the components of a lease and the landlord/tenant relationship.
The Manure Value Calculator spreadsheet is available to calculate the value of manure nutrients.
Host Katie Wantoch and Simon Jette-Nantel, former Professor at UW-River Falls and Extension Farm Management Specialist, discuss whether a farmer should offer to rent his neighbor’s farm land and at what rental rate.
Host Katie Wantoch and Simon Jette Nantel, Professor at UW-River Falls and Extension Farm Management Specialist, discuss if a farmer should offer a lower rental rate per acre to the neighbor who is retiring from farming.
Determining a rental rate is not an exact science. Local demand and supply conditions, anticipated market conditions, and long-standing working relationships can have bearing on rental rate negotiations. Learn what factors to consider when setting a rental rate.
It is critical that landlords and renters spend time addressing the terms of the rental agreement before finalizing the agreement to prevent problems over the duration of the contract. Maintaining positive working relationships between landlords and renters is vital for long-term success. Learn what to include in a fair and equitable farm land lease.
Rental rates and lease agreement questions often arise in the fall. Landowners or renters are looking for a lease agreement template that they can plug their values into. Learn what’s important to include in lease agreements and how to create a robust, authentic lease agreement.
This report provides a statewide overview of agricultural land values across Wisconsin based on a statistical analysis of actual sales and now includes the weighted average price of agricultural land sold in Wisconsin.
The cash flow budget is a valuable planning tool for the farm manager. It enables the manager to know and plan borrowing needs and investment opportunities throughout the year. With a cash flow budget, the manager has an initial cash position for each time period. It can also serve as a communication tool to share with a lender to set up a line of credit, make capital investments, or perhaps discuss the reduction of debt.