Landlords and tenants learn about economic future at workshop - Scottsbluff Area News, Sports, and Weather

Landlords and tenants learn about economic future at workshop

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University of Nebraska-Lincoln Extension Center Educators held a workshop for landlords and tenants in Gering on Tuesday to talk about the future crop economy and farmland rental rates.

Increasing land prices and also what adjustments landlords and tenants should make within the new crop year were highlighted.

Experts say corn prices have increased because of the ethanol boom and Midwest drought.

But these prices are expected to level-out and decline in the next few years.

Something Robert Tigner with the UNL Extension Center says landlords need to be mindful of because this affects land rental rates.

"Farmers and landlords are going to have to adjust to that new economics and that means in many cases rental rates are going to decline. Possibility of farmers is probably going to be zero to negative for the next two to three years and those are the things that will feed into the discussion that tenant and landlords will have with one another." Said Tigner.

A UNL Extension study shows the value of land in the panhandle on average is $715 per acre.

That is up 13-percent from last year.




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