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Re: How about free?
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Posted by VaTom on August 14, 2003 at 04:58:10 from (64.4.123.23):
In Reply to: How about free? posted by Indydirtfarmer on August 14, 2003 at 04:42:55:
Knowing almost nothing about farming, I'll stay away from the hay vs. soybeans/corn. I'd suggest that there's no reason to not get a lease that would extend beyond her demise, if that occurred in the next few years. Would cover your initial investment and make you comfortable with the deal. As you point out, she has a lot to gain. Her heirs might inherit a lease that was a problem for a future sale, but the lease could also have a buy-out clause built in. That's a main point of a contract, protecting against eventualities. Get the right one and you (and she) are good to go. Good luck.
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