Cropland Rental Tool (CROPRENT)

Producers are faced with a variety of cropland rental options; however, most existing CROPRENT decision tools are programmed for corn, soybeans, and wheat.

• Flexible cash rents are one option.
  • Tenants and landowners share in the risk associated with volatile commodity prices and uncertain yields.
• Requires good communication between tenant and landowner.
  • Must agree on base cash rent, yield, and price; minimum and maximum rent; method to determine actual yield and price.
• Excel-based decision tool that can be used by tenants and landowners to:
  • Project rental options as part of the planning/budgeting phase;
  • Negotiate with landowners and tenants; and
  • Finalize actual rent at harvest if using a flexible cash rent option.