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Considering Renting your Farmland? Collaboration on Farmland Rental Agreements for Farmers and Landowners

April 1 @ 7:00 pm - 9:00 pm

Bruce Kelly, Program Consultant, Farm & Food Care Ontario will lead this course on Farmland Rental Agreements, offering farmers and landowners a unique opportunity to learn how to work together and effectively develop a written agreement that works well for both parties over time. Effective communication is the cornerstone of a successful rental agreement. It’s not just about the financial aspect but also about creating a win-win situation. Farmers need to see the benefits of good management in the long term, and landowners need reassurance about managing their land. As more of Ontario’s farming is done on rented land, the significance of farmer-landowner relationships is increasing. A solution is a simple yet effective written lease. The lease would outline both parties’ responsibilities and helps set collaborative goals, define the financial terms, and clarify the land management. It gives the farmer the security to make suitable land management investments with a longer-term perspective.  And what about the cost? Will the rent be a flat rate? When will it be paid? Will the rate change over time? Will the rental amount be based on some formula that considers the value of the crop produced? And what about capital improvements? Who pays for a new culvert, a load of gravel or fencing repairs?  The workshop will cover topics such as the benefits of written leases, effective communication strategies, capital investments and basic rental formulas.  **Please note that land rental rates will not be discussed.** Webinar fee is $12.00. Please RSVP to info@greyagservices.ca.

Details

Date:
April 1
Time:
7:00 pm - 9:00 pm
Event Category:

Venue

Zoom