Michigan Ag Today’s Post

With farmland values remaining high across the country, many are turning to leasing as an opportunity to either profit on currently high lease rates or access otherwise unaffordable land to farm. Whatever your situation is, we've got you covered with some farmland leasing tips in this blog article! 

5 Key Things to Do When Screening Potential Farm Tenants 1. Check their references with previous landlords. 2. Interview them by asking open-ended questions to gauge their intentions and competence. 3. Look for evidence of a commitment to farming excellence (Ex: appropriate machinery, trained and capable operators, effective systems and processes). 4. If possible, visit the prospective tenant's farm site. Seeing their current farm in person can give you a better sense of their management style and the condition of their equipment and facilities. 5. Ask about their communication practices. The ideal answer includes a history of regular reporting and standardized communication processes. Check out our full farmland leasing guide here ➡ https://lnkd.in/gqRJkwMU

Leasing farmland? A solid lease agreement is crucial for safeguarding your farm and interests. From defining lease length to outlining responsibilities, a clear agreement benefits both landowners and tenants. Get the essentials on drafting a lease on our blog:

Land Management Quarterly on Nov. 18 | Hosted by the Center for Agricultural Profitability, this free webinar is ideal for landowners, operators & others interested in #agricultural land trends & leasing guidance. More info & registration here » https://buff.ly/3AEQUUT #NebExt #agland #farmsuccession #landmanagement

Inheriting farmland can be a lot to process and can leave you unsure on what to do next. Do you want to operate the farm yourself? Have it managed and rented to a tenant? Sell the land? Our area reps are here to help and make it simple, whether that's a sale, farm management, or consulting in the transition process.

It's important to understand your rights when entering or terminating a verbal #farm lease. This Center for Ag Profitability article provides best practices for termination to mitigate risks & foster smoother transitions. » https://buff.ly/4gzqp3m #NebExt #agland #farmland #landmanagement #ag

What Includes in Mall Fund Farming Programs; 1. FARM DIGITAL: With UGx 1M - 100M you get a Land lease (for 3,6 or 12months depending on your choice) I Farm Inputs I Farm Manager I Security I Insurance I Ready Market. 2. FARM BUSINESS You get Free Technical Support I Market Linkage I Financing 3. FARM SERVICE You get Farm: Consultancy I Management I Systems

Auction vs. contract: Navigating choices in farming 🚜 🌾 For farmers today, choosing between auction sales and direct contracts is a big decision. Auctions are quick, but contracts can give you steady income and peace of mind. In changing markets, it's imperative to consider adapting and thinking about other ways to meet your farm's goals. The way you decide to sell can really affect how sustainable and profitable your farm is. Want to know more about how these strategies can be tailored to your farming operation? Book a time to talk to us: https://bit.ly/4cCG9R8 #WheelerCampbell #Feilding #Accountant #Accounting #BusinessAdvisory #Advisor

Take a peek inside the Fall Issue: We are covering a variety of topics from Key Events in 2024, Timber Management, and the benefits of hiring a Farmland Manager.  Key Events - As 2024 progresses farmers are facing headwinds largely because commodity prices have significantly fallen; this is putting the brakes on land value increases; we predict they will gradually decline as poor farm profitability and higher interest rates weigh in. Read more inside our latest issue: https://bit.ly/4eGJcIz Timber Management - Timber offers a unique way to diversify an investment portfolio and offer generational income. But, to gain the benefits of timber, it is crucial to manage it correctly. Read more inside our latest issue: https://bit.ly/4eGJcIz Farmland Management - Farmland managers are a great asset for landowners who may be looking to take a step back, or for those who have inherited land and aren't sure how to get the most of their opportunities. Hiring a farmland manager can offer many benefits to you as a landowner.  Read the latest Hageman Realty Difference Newsletter as we cover these topics and more! https://bit.ly/4eGJcIz - #HagemanRealty #TheHagemanRealtyDifference #FaithFamilyFarmland #Farmlands #Farmlands #Farm #Agriculture #BuyLand #LandForSale #HuntingLandForSale #IndianaLandForSale #TexasLandForSale #IllinoisLandForSale #WisconsinLandForSale #PropertyForSale #ArkansasLandForSale #LandSalesSuccess #FarmProperty #FarmlandForSale #FarmRealEstate #FarmlandManagement #IllinoisFarmlandManagement #IndianaFarmlandManagement

Buy a piece of land and let others figure out how to make money off of it. Farming, campground, buildings, homes, go-kart track... whatever it may be, just own the land, lease it out and if possible, work out a way to get ownership or profit share of those businesses that are using your land. The crazy thing is, most land already has a use like a homes, commercial, retail, farming etc. That makes the whole process easier to facilitate when most of the hard work is already done.