Landlord/tenant cash lease workshops set
Cash rental rates for farmland has nearly doubled in the past six years.
Volatility in the grain markets is wilder than ever. Landlords want to be treated fairly, yet want to keep their current tenant. Tenants are afraid of losing their rent; yet don’t want to be saddled with rent payments that may not be profitable.
These and other land lease issues will be discussed at the Landlord/Tenant Cash Lease workshops being held state-wide in November and December of 2011. The main purpose of these workshops is to help with establishing and maintaining positive farm leasing relationships.
In this area, the meeting will be at the Broken Bow Country Club on Monday, Nov. 28. Call the Custer County Extension Office at 308-872-6831 by Nov. 25 to reserve space.
All of the workshops are being sponsored by the Nebraska Soybean Board. The meetings begin with the registration at 5 p.m. and conclude at 9 p.m. The meal and handouts are provided.
Participation is limited, to register contact the local Extension office hosting the workshop. The workshops are free, but registration is required.
Topics for discussion include: 1. Expectations from the lease, including goal setting for the rental property; 2. Lease communication, determining appropriate information sharing for both the tenant and landlord; 3. Relatives—tips for farm leases that include relatives; 4. Irrigation System questions, as they pertain to setting lease rates; 5. Alternative cash lease arrangements, flexible provision considerations for your situation and 6. Other topics like grain bin rental will be covered as time allows.
Allan Vyhnalek, Tim Lemmons and Jessica Jones, UNL Extension educators, will present on these topics and provide common sense tips during the presentation.
It is suggested that both the tenant and landlord attend together. Attending this presentation will provide a set of ideas to work from as those specifics are discussed.