Joseph Lensing

Guest speaker, Joseph Lensing, Iowa State University Extension and Outreach Management Specialist for Northeast Iowa.

Iowa State University Extension and Outreach in Bremer County is hosting a special farmland leasing meeting on Thursday, July 17, at 9 a.m., at the Waverly Civic Center, 200 First St NE. The annual meeting is offered to address questions that landowners, tenants or others have about leasing farmland.

The 2025 annual survey of cash rental rates for Iowa farmland shows that rates decreased, on average, by 2.9% in 2025 to $271 per acre. This is the first decline in cash rents since 2019, after a peak of $279 per acre the previous two years of the survey.

The guest speaker will be Joseph Lensing, Iowa State University Extension and Outreach Management Specialist for Northeast Iowa. Topics he will cover include land values, market outlook, cash rent trends, cost of production, methods for determining a fair rental rate, legal updates regarding leases, and communicating with tenants or landowners. Lensing will also address common questions, such as when a lease is impacted by a farm estate or succession plan. He brings practical experience with his background in both farming and finance.

“More than half of Iowa’s farmland is rented, and strong landlord/tenant relationships are important for the long-term viability of Iowa’s valuable farmland,†said Ann Johanns, program specialist at Iowa State University Extension and Outreach. “While the trend in rental rates is fairly steady, individual agreements vary, and attending a workshop is a great way to learn more or ask questions on specific aspects of farm lease arrangements.â€

The two- and one-half-hour workshop is designed to assist landowners, farm tenants, and other agri-business professionals with current issues related to farmland ownership, management, and leasing arrangements. Attendees will gain a better understanding of current cash rental rate surveys and factors driving next year’s rents, such as market trends and input costs.

Each registrant will receive a 100-page workbook with resources regarding land leasing agreements, such as surveys, sample written lease agreements, and termination forms, along with many other publications. The workbook may be included in the registration fee.

To attend the local meeting, registration is $25 per individual and includes materials. Pre-registration is encouraged, as an additional $5 fee may be added if registering less than two calendar days before the meeting date. To register, contact the ISU Extension and Outreach Bremer County office at 319-882-4275 or rheannon@iastate.edu.

The leasing meetings being held across Iowa are facilitated by farm management specialists with ISU Extension and Outreach. For other locations, visit the Ag Decision Maker events page.

The Ag Decision Maker website provides useful materials for negotiating leases, information on various types of leases, lease forms, and newly updated Decision Tools.