I know little to nothing about farm rent so this is just my personal comment.
Economics 101 should tell you land rent should have nothing to do with the profit or loss of the renter. No reason for a land owner to suffer because fertilizer and tractor prices are high squeezing profits from a farmer.
First and foremost the land owner needs to show a profit. That would be land value divided by say 30 (to pay a 30 year loan) plus yearly cost such as taxes. This will give you a fixed base to start at. From here you would adjust based on supply and demand. And as NY 986 said in most places the demand for good land is so high that any formula gets thrown right out the window and the land rents to the guy with the deepest pockets.
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Today's Featured Article - Fabricating Sidesheets - by Chris Pratt. The easiest and best first-time project for wanna-be sheet-metal workers like myself is flat or nearly flat metal cut and drilled to be a tractor's sidesheet. A sidesheet is sheetmetal to cover either the engine as in the case of early Oliver's, Massey-Harris' and many crawlers or the wiring and electrical components as in the case of the Massey-Harris Pony, Allis Chalmers' D Series (D-14, D-15, D-12, D-10, D-17, and D-19). The need for fabricating becomes obvious when you go to buy any of these
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