Determining a Fair Rent for Farm Buildings with Glennis McClure

On this episode, Glennis McClure, an Extension Educator and Farm and Ranch Management Analyst at the University of Nebraska-Lincoln, discusses her article, “Determining a Fair Rent for Farm Buildings,” which outlines the key factors involved in establishing a fair and equitable rental agreement for farm buildings. From calculating fixed and variable costs to considering depreciation and local market conditions, determining rent for these valuable assets is a nuanced process that requires careful evaluation. We'll discuss how property owners can make informed decisions and why understanding both the owner’s and the renter’s perspectives is crucial in setting fair rent.