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Re: Question for Farmers that Lease Ag Land


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Posted by paul on January 01, 2013 at 12:56:39 from (66.60.223.232):

In Reply to: Re: Question for Farmers that Lease Ag Land posted by paul on January 01, 2013 at 12:42:31:

As I reread your message and get a better grasp on it, I say your friend and the new owner of the land did not understand their responsibilites as land owners/ landlords, and likely owe the renter something for not handling this issue legally and properly.

One of them owes the farmer something, in most states, in most cases. I don't know whickh one a judge would 'punish' for these mistakes, but either the seller or the buyer of the land is morally obligated to make this right with the farmer.

Very poor of them, your friend did not handle this sale properly. Unless there is more to the story, but there should have been yearly notification before fall that this could be the last year of the lease, etc etc etc.

Couple years ago I bought a 40 that was being rented out in January, if the renter would have come at me about it he would have been able to rent it from me for the previous year's rental rate. That was even brought up by the lawyers in the deed signing, that it was an unknown by them but a possibility. I already was aware of that, common knowlege in farm country.

Your friend, in my opinion, made a mistake in how he did business, and in this high-priced cut throat farming ecconomy, likely will face some issues on it.

Might be better to admit his mistake and work something out.

But there can be more to the story and I'm just not understanding your friend's side of the story..... Just have seen this sort of thing happen too often to farmers, land owners trying to take advantage of their tenents. (And yes, I see it the other way around with renters depleating fertilizers, etc too.)

--->Paul


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