Posted by Dave from MN on March 15, 2010 at 06:45:32 from (96.24.95.216):
I picked up quite few acres this year, and am sending out the lease agreements. I am curious what most of you do for newly aquired acres. The land has always been year to year cash rent. I am sending out the lease agreements with 2010-2013 crop years. What should I put in there to secure the land through this lease period in case the land was to be sold. Also, I also want to have in there that I have 1 crop year option to rent after the crop years on the lease. Meaning that for the 2014 year I have the right to farm it yet, even if they have another tenant in mind or just want to take it out of Ag land, so I at least have a year in advance notice of land I would be losing. Also, some of these farms non tillabe acres are being leased by me for hunting, and pasture land. Should those acres be a seperate lease? Any thing in particular I should put in a lease that doesnt need dozens or lawyers to interpret? I guess what I am looking for is a lease that I always have 3 years out recurring, with the 4th year, as a notified last year available. I pay 1/2 of the rent at harvest, for the next growing season, that seemed to be the cool whip on the pie to get the acreages I aquired. Any advice is appreciated!
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