Producers wondering how to share soybean rust-inhibiting fungicide costs in share-rent arrangements as well as crop insurance coverage for rust-induced losses led University of Illinois Extension to provide answers.



"In general, clarifying up front how fungicide costs will be shared is wise," said Gary Schnitkey, U of I Extension farm financial management specialist and author of the report "Soybean Rust Considerations in Share-rent Arrangements and in Crop Insurance." The full report is available on farmdoc, under the Farm Economics: Facts and Opinions section at http://www.farmdoc.uiuc.edu/manage/newsletters/fefo05_06/fefo05_06.html.



Many share-rent arrangements share chemical costs, that is, herbicide, insecticides, and fungicides, said Schnitkey, between landlords and farm operators in proportion to the shares of crop revenue.



Source: University Release