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Farmland Rental Rates and Arrangements

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  • Weersink, Alfons
  • Deaton, B. James

Abstract

This paper examines the rental rates that tenants can afford to pay given alternative price and yield conditions. Over the last several years, harvest prices and yields have generally tended to be higher than their expected values when rates were negotiated with landlords. The benefits have accrued to the tenants if the farmland rental contract was a fixed, cash rental arrangement. Since the downside risk in net returns is likely greater than the upside risk, the paper also looks at alternative share arrangements that minimize the downside risk to tenants and allow landlords to enjoy an increase in returns if prices move higher than expected.

Suggested Citation

  • Weersink, Alfons & Deaton, B. James, 2013. "Farmland Rental Rates and Arrangements," Working Papers 182714, University of Guelph, Institute for the Advanced Study of Food and Agricultural Policy.
    • Handle: RePEc:ags:uguiwp:182714
    DOI: 10.22004/ag.econ.182714
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    References listed on IDEAS

    as
    1. Schnitkey, Gary, 2012. "Cash Rents Given Differing Price Levels," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 2, October.
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      Keywords

      Agricultural and Food Policy; Land Economics/Use;

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