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Wednesday, November 04, 2015

Farmland leases offer protection for landowners, tenants | Ag Professional

Farmland leases offer protection for landowners, tenants | Ag Professional: As landowners calculate farmland rental rates for the coming year, they may want to consider completing the process with a written cropland rental or lease agreement.

Such a document can go far to protect both landowners and tenants, says Rory Lewandowski, an Ohio State University Extension agriculture and natural resources educator.

While that may sound intuitive, there are a surprising number of cropland rental or lease agreements that are verbal agreements rather than written legal documents, Lewandowski said.