Transcript Lease PowerPoint

Mary Sobba
Ag Business Specialist
(573) 581-3231
[email protected]
Darla Campbell
 Karisha Devlin
 Joe Koenen
 Wayne Prewitt
 Mary Sobba

Unionville
Lancaster
Edina
Mexico
Nevada
 Confusion
with other states
 Many calls asking questions
 Large number of verbal leases
 Increase in acres rented
 Value ($$$) of leases
#
of Extension Specialists not
increasing any time soon
 New specialists still learning
 Current specialists covering more
counties – time is precious
 Travel budgets tight
 Interactive
TV - also called ITV
 Skype and Adobe
 Multiple sites
 Ag Business Specialist at each site
 Partnering with schools to use
facilities
 Multiple instructors
 Share
Resources
 Share Teaching load
 Share Advertising
 Share Paperwork / Reporting
3
hour program
 PowerPoints shown @ ea. site, so
instructor could be seen
 Handouts responsibility of ea. site
 Fees collected at each sit
◦ $20 ea. or $30 / family
 Current
Cash Rent in Missouri and
Trends
 Specific Items to Include in a Lease
 Terminating Farm Leases
 Livestock / Crop Share
Arrangements
 Recreational Leases
 Traditional
Rules of Thumb
 Discussion of Crop Share Agreements
 Land Values
 Current Farm Rental Guides
 Five Essential Items
◦ Names & Descriptions
◦ Terms
◦ Rates & Arrangements
◦ Right of Entry
◦ Signature
 Additional
Recommended Items
 Missouri
has a written law on oral
leases
 Missouri is different than surrounding
states
 50% of Leases in Missouri are verbal
 Details of how to terminate verbal
leases.
Share Agreements – who
pays what
 Advantages & Disadvantages
 Incentives
 Considerations – Death loss, disaster
 Common
 Hunting
is Big Business - $975 m
spent annually to rent hunting land
 Fishing & Wildlife Watching is also a
business
 Liability Issues
 Advantages & Disadvantages
 Factors Determining a Lease Price
 Short
– one page
 Future considering “clickers”
 Ask
if recommend to others
 Knowledge gained
 Actions they plan to take as a result of
this program



98% recommend workshop to others
83% understand termination
83% understand leases are legal
binding contracts


81% know where to find help and lease
forms
Many plan to check leases to makes
sure they have essential items.
 2008-09
- 3 sessions
 181 participants (12 sites)
 2009-10
- 1 session
 46 participants (3 sites)
 2010-11
- 1 session
 65 participants (5 sites)
 2011-12
- 1 session
 53 participants (5 sites)
 2012-13
- 2 sessions
 79 participants (5 sites)
Total – 424
 Test
connections beforehand
 Share cell numbers for all sites
 Various technology for sites –
ITV, Skype, Adobe
 Always have handouts in case
technology fails.
Allow reaching small and remote audiences
 Capitalize on knowledge and expertise of
specialists
 Participants positive about technology
 Share teaching load
 Plan to offer more in future!

Questions and Comments are welcomed.
Mary Sobba
MU Extension Ag Business Specialist
(573) 581-3231
[email protected]