Farm land is often leased for different reasons, including crop production and hunting. Because the trend is for farm land to be sold to developers for home and business construction, it is becoming more difficult to locate available land for lease. The process of locating, negotiating and agreeing upon lease terms can vary depending on factors such as location, size of the land plot and intended use.
Determine the overall purpose of the land. Consider whether the land will be used for farming or hunting, for example. If the land is to be used for farming, it may be necessary for the land to be near or adjacent to existing farm plots for the purpose of more easily moving farm machinery and equipment. If the land is to be used for hunting, the size of the plot as well as availability of game and the surrounding property should be considered.
Refer to Internet listings and local print media classified ads to locate available farm land for lease. Also locate land by talking with local feed and seed suppliers as well as agricultural supply businesses.
Contact landowners by phone or e-mail to determine if the land is still available and to get more information on lease terms. This is also a good point to determine if the land may be used for the intended purpose. Keep in mind that many times the land will be listed as available for hunting if this is an option. Arrange a time with the owner to visit and view the land.
Travel to the land and meet with the owner. Walk or drive the plot to get a better sense of the land and how it may fit your intended purposes. If the land is to be used for hunting, take note of the adjoining property in regard to development. Also look for game sign and indications this would serve as good hunting property. When the intended use is farming, look for good access for equipment, sufficient drainage, etc.
Discuss any concerns or points that need to be clarified and make sure all parties are in agreement. Execute a written contract that will require all parties involved to sign and date. It may be necessary for the document to be notarized, which will involve signing the lease in the presence of a witness and notary public.
- Keep in mind that the land is leased and was not purchased; it still belongs to another party. Take care of the land and operate within the boundaries of the lease agreement.
- Adhere to the lease agreement. Do not attempt to stray outside of the lease agreement by conducting activity that was not agreed upon.
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