Rushville Republican


September 27, 2013

Farmers, landlords enter lease renegotiations as fall approaches

Now that harvest is underway, many farmers and landlords might be negotiating, renegotiating or terminating lease agreements for the 2014 crop year.

Farmers like to know as early as possible which land they will rent the following year and under what terms so they can make fertilizer, seed, fuel and other input decisions immediately following harvest. But landlords, who face a Nov. 30 deadline for lease terminations in the state of Indiana, sometimes want to wait until closer to the deadline so they have a better idea of what farm incomes might look like in the coming year.

“Tenants like to know by September about land to lease for 2014 if they don’t already have a lease arrangement for a particular farm or parcel,” said Gerry Harrison, Purdue Extension agricultural economist. “However, a landlord might want to wait until November if there is doubt about the lease terms for 2013. The outlook for 2014 in November might be much different than in September of the current year.”

One lease arrangement that might suit both parties is a flexible lease. In this type of agreement, terms are included to address actual variations in crop yields or prices in determining a final rent payment, Harrison said.

If a landlord or tenant is uncertain about continuing with the current terms of a lease arrangement, such as the rent rate, Harrison said it’s best to start renegotiations with a notice to quit, or terminate a lease.

“From litigation in Indiana in 2012, it would be careless to deal with anything other than a written notice, properly delivered, to end the current lease and to open up negotiation for new lease terms,” he said. “To give notice to terminate an existing lease does not need to imply the tenant and landowner can’t reach a new agreement, and tenants who have a lease in place for the coming year might be wise to revisit the arrangement with the landlord.

Text Only
  • USDA reminds farmers of 2014 Farm Bill Conservation Compliance changes WASHINGTON - Agriculture Secretary Tom Vilsack today reminded producers that changes mandated through the 2014 Farm Bill require them to have on file a Highly Erodible Land Conservation and Wetland Conservation Certification (AD-1026). The Farm Bill

    July 25, 2014

  • Extension farm tour to feature organic vegetable production WEST LAFAYETTE - The organic vegetable production and fertility management practices at an Ohio farm will be showcased in a Purdue Extension tour of the operation near Cincinnati.The tour will be from 9 a.m. to noon Aug. 5 at EcOhio Farm, 2210 S. Mas

    July 18, 2014

  • ag-rv071814-soybean variety pic Gene discovery could lead to better soybean varieties for northern United States WEST LAFAYETTE – Researchers from Purdue University and the University of Nebraska-Lincoln have discovered a soybean gene whose mutation affects plant stem growth, a finding that could lead to the development of improved soybean cultivars for the nor

    July 18, 2014 1 Photo

  • U.S. farmers plant record soybean crop, less corn DES MOINES, Iowa (AP) — The nation’s farmers planted the largest soybean crop on record this year by devoting millions of acres of land to the crop that had been used for growing corn, the U.S. Department of Agriculture said Monday.Farmers planted 84

    July 3, 2014

  • Manure Management Field Day presents new technology NORTH MANCHESTER — The Wabash County Soil & Water Conservation District and the Conservation Cropping Systems Initiative will host a free Manure Management Field Day on July 29th at Brubaker Farms. The half-day program will address application techno

    July 3, 2014

  • Purdue, OSU assisting in ag meeting for Corn Belt farmers WEST LAFAYETTE — Purdue and Ohio State Universities are part of an organization that is sponsoring a meeting this summer to help Corn Belt farmers make their agricultural systems more resilient and sustainable.The Resilient Agriculture Conference Au

    June 27, 2014

  • Farm Credit supports Rushville City FD training efforts RUSHVILLE — Farm Credit Mid-America, an agricultural lending cooperative serving farmers, rural residents and agribusinesses throughout Indiana, Ohio, Kentucky and Tennessee, contributed $500 to the Rushville City Fire Department. The funds were used

    June 27, 2014

  • ag-rv062714-problem weeds pic Latest weed control advances in corn, cotton COLLEGE STATION — The latest strategies in managing problem weeds in corn and cotton were recently showcased at the 2014 Crop Tour at the Texas A&M University field laboratory near College Station that serves as a research and teaching platform for T

    June 27, 2014 1 Photo

  • Farm Credit salutes Rushville FFA graduating seniors RUSHVILLE — Farm Credit Mid-America, an agricultural lending cooperative serving farmers, rural residents and agribusinesses throughout Indiana, Ohio, Kentucky and Tennessee, contributed $500 to support the 2014 Rushville FFA banquet, themed “Legacy

    June 27, 2014

  • Purdue fruit, vegetable food safety course now offered online WEST LAFAYETTE - Purdue Extension is now offering in an online format a course covering food safety practices for fruit and vegetable growers.The course is based on a series of Good Agricultural Practices from A to Z workshops that were given in the

    June 20, 2014