KNOXVILLE ― Iowa State University Extension and Outreach is conducting a farmland leasing meeting in Knoxville to discuss a fair 2020 cash rental rate and the importance of tenant/landlord communication.

The discussion will be held on Friday, Aug. 23 at 9 a.m. with doors open at 8:30 a.m. It will be located at the Marion County Extension Office at 210 N. Iowa St. in Knoxville. The meeting will last approximately two and half hours and will be facilitated by Steve Johnson, farm and agriculture business management specialist with ISU Extension and Outreach.

The discussion will focus on various methods to determine a fair 2020 cash rental rate and the importance of good tenant/landlord communications. According to the Cash Rental Rates for Iowa – 2019 Survey released in mid-May, the average 2019 cash rent statewide is $219 per tillable acre, a 1.4 percent decrease as compared to 2018. Average cash rents statewide continue to stabilize after a decline of nearly 18 percent from the 2013 peak.

Pre-registration is required at least two days before the meeting. Participants will receive a 100-page booklet and meeting handouts designed to assist landowners, tenants and other agri-business professionals with issues related to farmland ownership, management and leasing arrangements.

Contact the Marion County Extension office at (641) 842-2014 with your questions or to pre-register on or before Wednesday, Aug. 21.

For a list of meetings statewide, check the ISU Extension calendar for a meeting near you at www.extension.iastate.edu/agdm/info/meetings.html.