UVM Extension’s new How to Determine the Right Farm Rental Rate Guide was developed to support both farmers and landowners through the process of determining a fair cash rental rate for farmland, equipment and infrastructure in Vermont.
“Farmland and farm infrastructure rental rates can be tough to determine because there are many variables to consider,” says Ben Waterman author of the guide and land access coordinator at the UVM Center for Sustainable Agriculture. “However, the process can be simple. The guide explains common methods so farmers and landowners can forge lease arrangements with confidence.”
Divided into five sections, the 31-page guide describes approaches to:
- Assess market rental rates;
- Assess landowner’s costs of owning land;
- Value equipment and infrastructure in a lease;
- Factor the farm business’ net returns in the rental rate; and
- Assess the farmer’s contributions to the lease arrangement
To download the guide now, go to: http://www.uvm.edu/newfarmer/land/RentalGuide.pdf
The reports provides details about which attributes consumers are looking for in poultry products and also the specific service expectations that small grocers have for farms selling them them poultry.