Flexible rental agreements are best for farmers and landlords
ST. PAUL, Minn. (6/29/2009) -- Rental rates have reached record levels in 2009. Record farm prices last year, high farmer incomes and continued increases in land values have all pushed up cropland rental rates. Farmland values have declined since 2008 record levels. The problem with these high rental rates is many were set last year when commodity prices were much higher.
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