Farm Credit East offers various financing options, including leasing. A lease may be a beneficial option to preserve operating capital, especially when taking on a new project or making a large purchase.
State programs have protected over 436,000 acres from development in the seven states served by Farm Credit East. There are growing concerns, however, about limitations on farming practices and necessary investments on protected land.
The end of the calendar year is typically when a lot of farm land leases are up for renewal in the Northeast, making it a good time for producers and landowners to take stock of their agreements and make changes if necessary.
With so many circumstances involved in any farmland lease agreement today, it’s important to construct a well-thought-out written lease that accounts for all variables relating to the specific land and parties involved.