Purdue signature

November 14, 2013

Seminar to help landlords, tenants find balance in farmland leases

WEST LAFAYETTE, Ind. - A free Purdue Extension seminar will focus on farmland lease types, legalities and trends on Dec. 5 in Hendricks County.

"Farmland Leases: Finding Balance in Farmland Lease Contracts" is aimed at helping landowners, farmers, bankers and farm managers determine what is fair in lease agreements. It will be at the conference center at the Hendricks County 4-H Fairgrounds, 1900 E. Main St., Danville.

Farmland leasing is a volatile agricultural issue in Indiana, said Jon Cain, Purdue Extension agricultural and natural resources educator in Hendricks County and member of the Purdue Extension Land Lease Team.

"There have been high prices for farm commodities and lots of interest and concern from landowners that they get a fair return on land," he said.

Cain said many landowners and tenants are concerned about the economics involved with farmland leases, and the seminar will help answer some of their questions. It also will cover communication between landowners and tenants, landowner and tenant expectations and determining land's cash rent value.

Other topics include cash rents versus shares, who pays for what expenses, flex leases, and written versus oral lease contracts.

Presenters will be Tamara Ogle, Purdue Extension ANR educator in Cass County; Paul Marcellino, Purdue Extension ANR educator in Howard County; and attorney Miriam Robeson. Ogle and Marcellino also are members of the Purdue Extension Land Lease Team.

The seminar will run from 9:30 a.m. to 12:30 p.m. Lunch will follow the program and is sponsored by the Hendricks County Farm Bureau Inc.

Attendees should register by Dec. 3 to the Hendricks County Extension office at 317-745-9260 or jcunningham@purdue.edu.

The Purdue Extension Land Lease Team and Purdue Extension Hendricks County organize the seminar. More information is available at http://www.extension.purdue.edu/landuse/landuse2/team.html

Writer: Amanda Gee, 765-494-8402, agee@purdue.edu

Source: Jon Cain, 317-745-9260, joncain@purdue.edu

Ag Communications: (765) 494-2722;
Keith Robinson, robins89@purdue.edu
Agriculture News Page