The legal specialists at ALEI are dedicated to educating farmers and landowners about the importance of having a simple written farm lease. A good farm lease clearly delineates responsibilities and prevents conflict by anticipating the future needs of both parties.Read More
Back in September, I posted cash rents at the county level for Maryland and Delaware. The county cash rent averages compiled by USDA’s National Agricultural Statistics Service (NASS) is one way to see how your rental rate compares with others in the county. But you have to remember that it is an average and some cash rental prices will be above and some will be below that average. The other thing to keep in mind is that average may not always work for every operation.Read More
Note: this post should not be viewed as a substitute for legal advice.
I have to give all credit to Tiffany Dowell at Texas A&M for giving me the idea to post on this topic with her recent blog post Average Rent Prices in Texas. June is the time of month many of you will be thinking about renewing your lease. Maryland is no different than Texas in one sense, many you also like to ask me “What is a good rental rate?”. My candid response is well I’m not really an economist I just pretend to be one from time to time. But in all seriousness this is something many of you often struggle with. So how do you go about calculating a fair rental rate, regardless of if you are a landlord or a tenant?Read More