The number one question I get asked as an extension agent is something like, “What is the average lease rate around here?” My answer is always the same, “It depends.” Many factors affect the ultimate value agreed upon by both landlords and tenants. Pasture, cropland, and recreational land each have nuances that make adjoining parcels worth different amounts to the parties involved.
According to the National Agricultural Statistics Service Kansas has over 83,776 landlords renting out over 23.7 million acres of land. 15,405,000 acres are cropland and 7,821,000 are used for pasture. In Central Kansas District we have no shortage of rented ground, landowners, and renters.
Understanding the differences, complexities, and nuances that ultimately affect rental agreements and lease rates is the goal of CKD’s two upcoming workshops. On Wednesday, December 16, K-State Agricultural Economics specialist Dr. Mykel Taylor will present two separate events for all interested in learning more about leases. Both workshops will take place at K-State Polytechnic in Salina at the College Conference Center located at 2310 Centennial Road in Salina. Beginning at 9:00 AM and concluding at noon cropland leases will be in the spotlight. Hands-on presentations and interactive discussions are planned. At promptly 1:00 PM Dr. Taylor will begin a workshop focusing on pasture leases that concludes around 3:00 PM. Timing, verbal agreements, written contracts, and much more will be covered in this workshop.
Cost to attend these workshops is only $10 per person if pre registered and $15 if not preregistered. If you would like to attend both meetings the fee covers both events. No formal lunch or meal is planned, although the K-State Polytechnic Cafeteria is located in the same building as the workshops. Parking is free and plentiful, but you must display a parking permit. RSVP by Tuesday, December 8 in either the Salina or Minneapolis to secure your complimentary parking pass.
If you would like to know more about leasing agricultural land make plans to attend either the Cropland Lease Workshop at 9:00 AM or the Pasture Lease Workshop at 1:00 PM. To RSVP please call the Salina office at 785-309-5850 or the Minneapolis office at 785-392-2147. We look forward to bringing these educational opportunities. Please feel free to call, email, or stop by either office to discuss this and future programs.