Cash rent negotiations will be very challenging this year. At current commodity prices it is going to be important for producers to know their costs and look at options to limit downside risk. The Center for Farm Financial Management, University of Minnesota has just released a tool to help producers and landlords evaluate alternative rental arrangements. FairRent for the Web is a new and improved web version of the desktop software that CFFM has distributed for over 20 years.
The web version of FairRent includes the option to evaluate seven different flex lease options as well as traditional cash rent and share rental returns. Another improvement is the inclusion of crop insurance to evaluate how insurance will limit downside risk.
FairRent is free to use. Just sign up at https://fairrent.umn.edu/ and begin creating rental plans.