Should you purchase your rented land?

As the average age of a farm landlord has been increasing in recent years, you'll find a lot of land changing hands pretty soon. If the land you're renting becomes available to purchase, you could find yourself in a sticky situation. It's not ideal to increase your cost to farm that ground while keeping the same revenue, but Water Street CEO Darren Frye has come up with a four-step assessment to help you decide whether such a land purchase would be a good investment.

Learn more by reading his Finance First column for this week at FarmFutures.com.