Farming is increasingly a risky venture, but farmland leases can provide great opportunity for both farmers and landlords. Traditionally farmers have the option of cash rent or crop-share when it comes to farmland lease arrangements. Hybrid leases have become more popular in northwest Ohio in the past few years as well. Plenty of choices exist in structuring farmland leases today, and it’s important to choose the right option for your situation.
Category Archives: Agriculture
Legal-Ease: Drivers for ag law changes in next 18 months
Agriculture and the laws surrounding it are changing rapidly, and you can expect big changes to come in the next year and a half. Five fundamental changes in agriculture will change ag law in the next 18 months.
Legal-Ease: Should my farm lease be in writing?
Crop yields in recent years have made farmland leases a necessity for a responsible farmer. While these leases should be in writing, some states (including Ohio) accept verbal leases.
When a lease isn’t in writing and on record at the county courthouse, people other than the tenant and landlord may not be required to honor the lease.
There is also an Ohio law that requires any farmland leases longer than three years to be notarized and recorded at the county courthouse.