News

Farm business management instructor anticipates jump in rental rates

Corn and soybean prices are at multi-year highs and a farm business management instructor expects rental rates to follow suit.

Pam Uhlenkamp is with South Central College in Mankato, Minnesota.

“The next thing that I will be hearing is land rents are probably going to start heading north, which some of them did this (past) spring. But I think we’re going to see that come this fall.”

She tells Brownfield the runup in commodity prices also has tax implications.

“Tax management (and) how do we manage through these $5 corn markets through the end of the season?”

Uhlenkamp made these comments during a recent Women in Ag Forum on Brownfield Minnesota affiliate KNUJ in New Ulm.