By David Bau
The Farm Resource Guide for 2016 is now available upon request at many University of Minnesota Extension County offices across the state. It includes a variety of very useful farm business management information. The front of the Guide has the most frequently requested information on Custom Rates, Rental Rates for various ag commodity, forages, bins and buildings, Farmland Sales and Rents and Pasture Rental rates. There are lease forms for Cash Rent and Share Rent arrangements. There is flexible rental arrangement information. Marketing information including the cash price probabilities for cash corn and soybeans for Worthington, Minnesota, since 1974. Information from the Southwest Farm Business Management Association includes trends in costs, family living and net worth changes. At the end of the Guide is a section on Feedlot Rule Highlights and information on Manure Agreement and Easements, including examples of Manure Spreading Lease and Land Application Agreement forms.
Included are the average cash prices for corn and soybeans to use as a benchmark along with statewide listing by county of the last five year average yields for corn and soybeans. Statewide cropland rental information is available for counties with significant farm numbers in Adult Farm Management. Farmland sales information is available for all counties across Minnesota. A second study lists bare farmland sales from 14 counties in southwest Minnesota. There are many pages of information and forms which would be of benefit to the entire state including: custom rates; lease forms; commodity price probabilities for corn, soybeans, alfalfa hay, straw, grass hay, hogs and cattle.
This Resource Guide is available for a $25 fee plus postage and sales tax if you would like to have your own copy. I can provide you the information in your preferred format: (e-mail cost $25 plus sales tax, CD cost $28.50 or hard copy cost $30.00). The small $25 fee will help fund continued Extension efforts in Agricultural Business Management and will allow me to continue with the project and update the Resource Guide for 2017.
Source:umn.edu