Farm buildings and livestock facilities often outlast their owner’s need for them, but are still usable. Other operators want the services of certain types of farm buildings but are not in a position to invest in new facilities. Both parties can benefit by developing a lease arrangement. This publication examines the major considerations in developing rental agreements for crop and livestock buildings and facilities from both the owner’s and operator’s points of view. Three different approaches to determining a cash rental rate will be presented. Finally, several other important considerations for developing a lease agreement will be discussed.
|Organization||North Central Farm Management Extension Committee|
|Publisher||North Central Farm Management Extension Committee|
|Publication Date||February, 2013|
|Material Type||Written Material|