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Articles Tagged with ''contracts''

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Go beyond the handshake: Get farming contracts in writing

Understanding how farming contracts work can aid in protecting your business.
September 5, 2024
Robert Graham

Many farming arrangements rest on handshake deals, wherein two people essentially trust in one another’s word. When stakes are fairly low and flexibility is paramount, unwritten handshake deals can be a helpful tool. However, when farmers are investing money, time and other resources of considerable value in a farm operation, reliance on a handshake can sometimes prove to be a costly error.


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Essential considerations for dairy farmers approached by anaerobic digester developers

Anaerobic digesters are more than a building project. They are about forging partnerships, navigating regulations and managing risk, and doing so in a way that’s best for the future of the dairy.
June 7, 2024
Todd Taylor

As a dairy farmer, you are no stranger to innovation and efficiency on the farm. So when approached by developers interested in building an anaerobic digester on your property, it is essential to consider the big picture. Here's what you need to know as you navigate this opportunity.


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From the horse’s mouth: Written agreements for your ranch’s equine enterprise

Horses continue to be a part of daily operations as well as an additional source of income. While many horse-related transactions are often bound by a “handshake deal,” failing to adequately document the relative rights and responsibilities of those involved can lead to costly legal disputes.
May 21, 2024
Garrett Reed

Horses have been an integral part of livestock production since they were first imported with cattle by the Spanish in the early 1500s. While some modern ranches have transitioned to the use of “motorized horses” – all-terrain and utility-task vehicles (ATVs, UTVs) and dirt bikes – others continue the legacy of gathering, sorting, doctoring, branding and moving cattle by horseback.


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How to address water rights in an agricultural transaction

Anyone dealing in agricultural real estate needs to understand and account for the status of water rights in their transaction, as water rights can make or break an agricultural real estate transaction.
January 11, 2024
Hannes D. Zetzsche

Water rights can make, or break, an agricultural real estate transaction. Irrigation rights alone were appraised at over $24 million in a deal this article’s author helped to close.


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Legal issues transporting livestock

The cattle business is constantly changing. But what isn’t changing is the need to protect yourself and your business when transporting cattle. Legal documents are available for protection for many situations.
December 7, 2023
Audra Rod Smith

Whether you are a hauler, a buyer, a seller, an intermediate livestock auction, order buyer, dealer, packer and so on, there may be some legal considerations for you to take into consideration for your role in the process of hauling cattle.


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Incorporating the 'Four P's' into farm and ranch leases

Agricultural leases are an important tool for producers. Leases may be written or oral, but the best leases provide written evidence of the parties’ agreement and contain the “Four P's”: the parties, property, period and payment.
September 14, 2023
Garrett Reed

Agricultural leases are an important tool heavily relied on by many farmers and ranchers across the U.S. agricultural industry. Although the parties are free to negotiate a wide variety of terms, agriculture leases should, at minimum, contain the “Four P's”: the parties, property, period and payment.


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Riding the bull: The power of options in cattle feeding

Cattle feeders can thrive in bullish markets by employing options as a risk management tool. With the use of put options, cattle feeders can safeguard against price declines while enabling gains with price increases.
August 16, 2023
Luke Frantz

In the realm of cattle feeding, navigating a bullish market can feel much like riding a bull – thrilling, swift and inherently risky. But for those equipped with the right financial tools and strategies, this volatility can be beneficial.


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7 best practices for making mixed use of cattle grazing land

Grazing land owners are being approached with opportunities to combine cattle grazing with clean energy and carbon offset technologies, but they need to be cautious to ensure their primary use of the land is not compromised.
July 10, 2023
Isaac C. Lawrence and Hannes D. Zetzsche

Cattle grazing may be a good use of cattle grazing land, but it may not be the only good use. Particularly as nationwide climate goals have driven investment throughout the country in clean electric and carbon offset technologies, cattle graziers may find new market opportunities to make mixed use of cattle grazing land.


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Simple deal or not, you need a contract

The changing nature of cattle operations requires specialized contracts. Whether borrowing a neighbor's bull or letting a friend exhibit your heifer, written agreements protect all parties involved.
May 17, 2023
Audra Rod Smith

Most of the time, people say they don’t need anything in writing because it is just a simple deal and done. And maybe that is true. But what if it’s not?


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Landowner considerations when negotiating solar energy leases

Solar energy leases can provide an added source of revenue for farmers and ranchers. However, the implications of a solar lease are far-reaching and should not be taken lightly.
February 13, 2023
Garrett Reed

Because solar leases are long-term commitments and dictate the future use of the property, landowners should carefully consider a variety of factors when deciding whether a solar lease is right for them, their family and their land.


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