Agricultural Economics Department


Date of this Version

March 2006

Document Type



Published in Cornhusker Economics, 03/15/2006. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.


One of the most frequently asked questions by landlords and tenants is, “Should we be adjusting our rental arrangement in response to the recent changes in costs (or returns)?” A related question is, “What are others in the area doing?” An implication of some of the questions asked is, “We should be doing something similar to our neighbors,” or at least, “what others are doing will provide guidance on what we should be doing.”