Although leasing farmland is relatively common, landowners and farmers may not give much consideration to the actual lease until problems arise.
Understanding the basics of a farmland lease agreement is detrimental to reducing legal risks and ensuring farm viability. Learn more about farmland leasing, determining a farm's productivity, and the importance of landowner-tenant communication from Kevin Brooks, farm business management and marketing educator with the University of Illinois Extension. Local Food Systems and Small Farms Educator Doug Gucker says the Navigating Farmland Leases will be from 10 a.m. to noon on Thursday at the Macon County Extension Office in Decatur.
According to Gucker, 60 percent of central Illinois farmland is in some type of cash rental lease. He adds ag has seen a shift towards the flexible lease.
Brooks previously ran a private farm management company and will share his knowledge on setting up farmland lease agreements, including current trends in land values, cash rents, and land ownership.
Again, 'Navigating Farmland Leases' will be from 10 a.m. to noon on Aug. 8 at the Macon County Extension Office located at 3351 N. President Howard Brown Blvd., in Decatur.
Participants may register at go.illinois.edu/FarmLease or call the office at 217-877-6042. The deadline to register is this Wednesday and there is a $5 registration fee.
