GFM Network News


What’s fair when it comes to renting farmland?

There are two common methods for determining fair rent — and neither involves coffee-shop talk

How do you know if the rent you’re paying — or charging — for farmland is fair and reasonable? “Often, people use what others are charging or paying in the local area,” said farm business management specialist Dean Dyck. “Following this approach has pitfalls because the rate may not be reflective of the soil productivity […] Read more

How much would you pay to rent these bins? How much would you charge a neighbour wanting to rent your excess storage space?

How to calculate a fair price for grain bin rentals

Depreciation is an obvious cost, but there are four other factors that go into the DIRTI 5

Before renting or renting out bin space, get the dirt — or rather, the DIRTI 5 — on all the cost components that go into this type of grain storage. DIRTI 5 stands for depreciation, return on investment, repairs, taxes, and insurance, and are the most significant ownership costs of grain storage, says farm business […] Read more


If you don’t calculate the potential profit from rental land, it’s easy to pay too much.

What the neighbours are paying doesn’t matter

Here are three ways to calculate fair rental rates — and none involves going to the coffee shop

Determining a fair rental rate isn’t easy, says provincial farm business management specialist Dean Dyck “Often, people use what others are charging or paying in the local area,” said Dyck. “Following this approach has pitfalls because the rate may not be reflective of the soil productivity on the farm or there may be a difference […] Read more