Tipton D. HudsonPasture Lease Agreement • July 8th, 2011
Contract Type FiledJuly 8th, 2011Pasture leases should be treated just like any other business agreements -- they should be in writing and signed by both parties! No matter how simple and clear you think the arrangement is, questions will come up that have not been agreed upon ahead of time. If they haven't yet, they will. A 30-year agreement with an adjacent landowner has worked on a handshake for all those thirty years, then one of the landowner's children steps in to help manage finances for an aging parent and they question the rate, or the duration, or the basis for payment, or whether it should be farmed instead of grazed to make more money. A written agreement protects both parties. More on this in a minute, but if you read nothing else, put pasture/grazing leases in writing!