Farm Policy News Summary
Balancing Act: Negotiating Farmland Rents for 2025 in Illinois
October 24 @ 11:00 am - 12:00 pm CDT
University of Illinois agricultural economists Dr. Gary Schnitkey and Dr. Nick Paulson invite you to a webinar focused on farmland rent agreements for the 2025 production year. They will present an overview of the current state of Illinois farmland rents, explaining the factors that led to record-high rents in recent years and the economic conditions now pointing towards necessary adjustments.
The webinar will incorporate and rely on data from USDA, IL FBFM, and professional farm managers in Illinois to provide a range of perspectives. Drs. Schnitkey and Paulson will discuss strategies for evaluating appropriate rent levels that factor in returns, risk, soil quality, operator and landowner preferences, and other important factors. This session aims to equip both landowners and farmers with knowledge to navigate rent negotiations in a challenging farm economy.