Buy or rent farmland: Which option is right for you?

Deciding whether to buy or rent farmland can be a difficult decision. Lance Stockbrugger explains the benefits of both in this video. • Interest rates affect land prices – the lower they are, the less overall cost for the land • Far too often, people make land purchasing decisions based on emotional reasons rather than economic truths • Interest rates also affect whether you should sell or keep your land • Relationships are key in land rental – both parties need to be well informed so they can work together as a team