NEW LONDON, Mo. – University of Missouri Extension in Ralls County will hold an agricultural lease workshop from 6 to 9 p.m. on Tuesday, Nov. 17, at the extension office in the basement of the Ralls County Courthouse, 311 S. Main St., New London.
Karisha Devlin, MU Extension agribusiness specialist, will conduct the workshop. The training comes at a time when crop prices are forecast to be low over the next decade, she says. Many landowners, including retirees, depend on rental income, and their tenants are concerned about a decrease in farm income due to low commodity prices.
“It is important for both parties to communicate and understand the various issues each party faces in order to reach an equitable lease agreement arrangement,” she says. Negotiating the right lease is important to avoid potential misunderstandings and disputes.
Missouri has unique laws regarding leases. Devlin will cover why written leases are important and discuss common types of leases as well as what should be outlined in leases.
For more information about the workshop, contact Devlin at 660-397-2179 or call the MU Extension Center in Ralls County at 573-985-3911.
Downloadable guides on farm leases are available from MU Extension at http://extension.missouri.edu/main/DisplayCategory.aspx?C=549.
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