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Farm and Ranch Leases: Legal Issues and Negotiation Strategies

Learn about the key issues impacting farm and ranch leases.

This topic will allow you to discuss the current, on-the-ground issues affecting owners and lessees of agricultural real estate, draft clauses that clearly state the rights and obligations of the parties, and advise lessors and lessees as to risk and liability issues, indemnity provisions, default and cure provisions, rent calculation formulas, and how they might preserve the economic value of a leased farm/ranch. Identify risks to which landowners may be exposed when leasing to farm operators, cattle grazing operations, and hunting and recreational users. You will also be able to identify where insurance and other risk management tools may be used. Look at the economics of a lease that provides income to investors, retiring owners, and absentee owners. You also will be able to review and advise clients who are farm operators (prospective lessees) who are considering leases as a means of managing, and living off income producing farms and ranches, considering cattle raising operations on leased land, hunting and recreational users who want safe and successful hunting activities.

Runtime: 90 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Who Are Good Prospects for Farm and Ranch Leases

  • Why Is Farm and Ranch Investing a Very Important Topic?
  • What Are the Current, Key Trends in Farming and Ranching?
  • Why Is the Farm and Ranch Lease so Critical to the Future of Agriculture?
  • Who Are Good Candidates to Be Lessors/Lessees Under Farm/Ranch Leases?

Structuring the Sale-Lease Back Transaction for the "Family" Farm Operator

  • What Are "Fund" and "Institutional" Agricultural Investors Is Looking for?
  • Key Lease Issues to Resolve Between Absentee Owners and Farm Operators
  • Methods of Calculating Lease Payments
  • Keeping Farm Operator Motivated to Produce Revenue for the Farm Investor/Owner

Leases of Farm Land for Crop Production

  • Different Types of Crop Leases and Income Streams
  • Protecting Each of the Parties in the Event of Crop Failure/Weather Events
  • Building in Accountability and Transparency Into the Lease
  • Getting to "Win-Win" in Crop Leases

Grazing Leases

  • Different Types of Leases and Income Streams
  • Remedies of the Landlord Upon Lessee Defaults
  • Key Lease Terms That Each Party Should Avoid or Seek to Achieve
  • Securing the Lessee's Rental Obligations and Lessor's Remedies for Defaults

Hunting Leases

  • Preserving Harmony Among Differing Categories of Farm/Ranch Users
  • Protecting the Landowner From Risks/Damages Created by Hunters
  • Clauses Insuring Wildlife Quality for Future Hunting Seasons and Revenue Opportunities
  • Drafting Clauses to Insure the "Surrendered" Ranch (After a Lease Terminates) Is Not Costly to Restore
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 30, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James D. Eggleston, Jr.

Eggleston King, LLP

  • Founding partner of Eggleston King, LLP
  • 36 year career in commercial and farm and ranch real estate representing farmers, horse and livestock organizations and companies
  • Board certified by the Texas Board of Legal Specialization in Commercial Real Estate Law and Farm and Ranch Real Estate Law
  • Texas Super Lawyers in real estate, 2012 to present, as published by Thomson Reuters and included in Texas Monthly Magazine
  • Achieved the highest rating in the Martindale-Hubbell Law Directory
  • J.D. degree, order of the coif, Kansas University School of Law; B.S. degree, with honors, Oklahoma Christian University
  • Can be contacted at 817-596-4200 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 395923
Published 2016
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