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.