Conferences
Financial Strategies for Effective Agricultural Land Leasing and Management
Anastasia Meyer and Jim Jansen
Summary
The "Financial Strategies for Effective Agricultural Land Leasing and Management" extension outreach meetings addressed the decision-making and transition strategies necessary for operations to sustain the economic, human, and legal risks of leasing or transferring agricultural land. The meeting series focused on strengthening skills in evaluating current rental rates, addressing communication issues, and better understanding legal matters impacting succession and leases. As part of the outreach in 2024, the proposed meeting series was piloted as a fee-based workshop in five locations with 127 participants.
The educational objectives achieved by this program included: improving and strengthening decision-making on financial forces impacting land; effective negotiation approaches for contract negotiations or land transition; and enhancing legal analysis skills to facilitate farm or ranch succession and improve lease arrangements for landlords and tenants. Engagement and outreach for this meeting series included in-person/hybrid meetings, each approximately three hours, to allow for adequate interaction between workshop attendees and the instructors. The target audience for this project included beginning, retiring/transitioning women producers, and agribusiness professionals throughout Nebraska. Archived programs were made accessible via the Center for Agricultural Profitability's website at the University of Nebraska-Lincoln.
In the evaluation presented to program participants (N=127, n=85), 66.93% responded to a pre-and post-workshop survey to rate change in their understanding using a scale of 1 (low) to 5 (high). Program topics included with ratings: assessing asset values and cash rental rates -increase 1.21 (2.32 pre to 3.53 post), negotiation skills for effective land management-increases 1.37 (1.91 pre to 3.28 post), and legal principles guiding contracts and operation succession-increase 0.94 (2.16 pre to 3.10 post).
Details
| Conference | 2025 Extension Risk Management Education National Conference |
| Presentation Type | 30-minute Concurrent |