Transcript INLandLeasePresentation

Land Lease Team
Land Lease Education in Indiana
Purdue Land Lease Team
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Why is Land Lease Education
Needed?
• Long term trend in Indiana agriculture of
increasing amount of farm land being
leased.
• Cash rents and land prices have steadily
been increasing.
• Educators were noting an increase in
landowner and tenant questions being
asked.
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Team Information
• A Risk Management Education (RME) Grant
helped to fund mileage and other expenses
• Meetings were initiated two years ago
• A presentation and updated publications
were prepared by dividing responsibilities
between team members
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Team Members
• Alan Miller, Purdue Extension Specialist
• Dr. Craig Dobbins, Purdue Extension
Professor
• Jon Cain, Purdue Extension Educator
• Ed Farris, Purdue Extension Educator
• Nick Held, Purdue Extension Educator
• Jim Luzar, Purdue Extension Educator
• Paul Marcellino, Purdue Extension Educator
• Tamara Ogle, Purdue Extension Educator
• Jenna Smith, Purdue Extension Educator
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Updated Publications
• Team’s intent was to re-format the existing
material
• New publication series includes more focused
topics to assist landowners and farmers
• As an example, “Avoiding Farmland Lease
Termination Disputes in Indiana” is now in a Q&A
format to improve readability
• Final edits are being made
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Publications in Review
• Communication and Your
Farmland Lease
• Finding Balance in Cash Rents
• Cover Crops on Leased
Farmland
• Farm Drainage on Leased Land
• Knowing Your Farm’s Soil
Fertility
• The Cash Farm Lease
• The Crop Share Farm Lease
• The Flexible Cash Farm Lease
• FSA Direct & Counter-Cyclical
Program Payments and
Flexible Cash Leases
• Switching from a Fixed Cash to
Flexible Cash Lease: Common
Income and Self-Employment
Tax Questions
• Avoiding Farmland Lease
Termination Disputes in
Indiana
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Key Areas for Presentation
• Communication
• Understanding & Maintaining the
Productivity of Your Farm
• Types of Leases & Figuring a Fair Rent
• Legal Issues with Farmland Leases
– Elements of a Lease
– Termination
– Rights and Responsibilities
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Goals for Workshops
• We expect workshop attendees will more
closely evaluate objectives, risks and
rewards for both tenants and landlords.
• We also expect attendees will consider
specific enhancements to their leasing
arrangements.
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Workshops
• Workshops coordinated by the Land Lease
Team have been held at 7 locations across
the state with over 450 attendees.
• Two Workshops were held at Midwest
Women in Ag Conferences
– State Conference in Southern Indiana (2013)
– Regional Meeting in Northern Indiana (2014)
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Results
• 85% of those surveyed planned to use
something they learned to develop or
modify a lease.
• 23% planned to change to a written
contract.
• 94% felt more confident in their ability to
develop or modify their lease.
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Participant Feedback
• “This was a great workshop, unlike any I had
experienced before.” This participant planned to
look into flexible lease formulas with their tenant.
• “Great details and guidance to help with decisionmaking”- Midwest Women in Ag Regional Session
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Midwest Women in Ag
Conference 2013 (pilot session)
Fall/Winter 2013/2014 Locations
Planned 2014 Programs
Proposed Locations for 2014
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Future Opportunities
• The Land Lease Team is providing coaching and
assistance to fellow Extension Educators.
• Attorney and/or a professional farm manager may
assist Extension Educators with presentations.
• Publications should be available soon for use as
handouts at meetings and resources for Extension
Educators in answering questions.
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.