Cropland rental tool (CROPRENT) for Agricultural Producers
- Journal of Extension 2015 v.53 no.5 pp. 1-14
- cash rents, commodity prices, computer software, cropland, crops, extension agents, landowners, management systems, production costs, products and commodities, risk
- The Cropland Rental Tool (CROPRENT) is an Excel-based decision tool for comparing different cropland rental agreements, such as flexible cash rents, for up to five crops and/or management systems using historical and current production data, such as yield and production costs. Flexible cash rents allow tenants and landowners to share in the risk associated with volatile commodity prices and uncertain yields. This tool can be used for a variety of commodities regardless of geographic location and by a diverse audience, including Extension educators, landowners, and tenants. The Cropland Rental Tool and accompanying User Manual are available for download.