Arranging a good, competitive lease that is both agreeable to the tenant and landowner is a necessity to farmers and ranchers involved in agriculture.
The Extension Councils from Clark, Ford, Gray, Edwards, Hodgeman, Meade and Pawnee counties are hosting a meeting to help local producers evaluate the risk factors that affect lease rates and contract terms.
They will also gain knowledge on how to effectively and equitably negotiate a land lease.
This meeting will be held on Thursday, Jan. 24, from 1:30 to 3 p.m. at the Ford County Fair Building located at 901 West Park Street in Dodge City.
There is no cost to attend. Snacks will be provided.
Dr. Mykel Taylor, assistant professor in the Department of Agricultural Economics at Kansas State University will be the workshop presenter.
Topics that will be covered include crop share, fixed cash rent, flexible leases and AUM pasture leases.
Examples of calculating equitable leases using cost of production budgets, price and yield expectations and other market-based information will also be presented.
For more information, contact Andrea Burns at the Ford County Extension Office at 620-227-4542.