Transcript A Team Approach to Teaching Farm Leases

Mary Sobba
MU Extension Ag Business Specialist
(573) 581-3231
[email protected]
 Darla
Campbell
 Karisha Devlin
 Joe Koenen
 Wayne Prewitt
 Mary Sobba
 Darla
Campbell
 Karisha Devlin
 Joe Koenen
 Wayne Prewitt
 Mary Sobba
 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
 The few new specialists still
learning
 Current specialists covering more
counties – time is precious
 Travel budgets tight
 Interactive
TV - also called ITV
 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
◦ $15 ea. or $25 / 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
 Ask
– one page
if ITV programs effective
 List 3 things they learned
 Actions they plan to take as a result of
this program
98% said ITV effective
 83% understand termination
 84% know where to find help and
lease forms
 Many responses listed in things
learned
 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)
 Allowed
us to reach audiences difficult
to reach
 Capitalize on knowledge and expertise
of specialists
 Participants did not mind ITV method
 Shared the teaching load
 Plan to offer again this winter!
Questions and Comments are welcomed.
Mary Sobba
MU Extension Ag Business Specialist
(573) 581-3231
[email protected]