Document Type

Other

Publication Date

1-1-2006

Keywords

custom farming, leasing alternatives

Extension Number

ExEx 5069

Department

Economics

Description

Custom farming has become a logical and efficient alternative for both landlords and tenants. The new risk environment in agriculture, high machinery replacement costs, and an aging but still interested farm population are several reasons why more people are considering custom farming. Many landowners think of custom farming as a substitute to farming their land themselves or leasing to a tenant under a typical lease agreement. Potential tenants may find custom farming an alternative to leasing ground while still providing an way to utilize excess machinery capacity or available labor.

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