purdue university cooperative extension service is an equal access/equal opportunity institution....
TRANSCRIPT
Purdue University Cooperative Extension Service is an equal access/equal opportunity institution.
Land Lease Education in Indiana
Purdue Land Lease Team
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 decision-making”- 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.