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Re: OT: lost some rental ground today...


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Posted by JD Seller on August 17, 2015 at 18:26:29 from (208.126.198.123):

In Reply to: OT: lost some rental ground today... posted by Casey in ky on August 17, 2015 at 17:46:11:

In Iowa we have SOME protection in that you have to send notice of termination before Sept. 1st. for the next year. Here is a short summation of that:

"A farm lease automatically continues from year to year unless a notice of termination is given by either party. Under Iowa law, the lease termination notice must be properly served by September 1, prior to the end of the lease year. The termination notice must fix the termination of the tenancy to take place on the following March 1. If notice is not served, the lease continues for another crop year upon the same conditions as the original lease."

Now that still does not stop land being rented out from under you. The owner can have another farmer lined up for his ground BEFORE he sends you a notice.

I do not think there is any such protections in Kentucky. You just are protected for the length of any written contract. They usually spell out any long term improvements like water ways or lime applications to be prorate if the contract is not renewed.

Land jumping is nothing "NEW" in the last ten years or so. The higher prices really brought out the jumpers around here. That is not going to happen much for the cash grain guys the next few years. I bet some of them HOPE somebody takes some of the HIGH priced rental ground away. I personally know of several farms that are renting for over $500 and acre for ONE years rent.


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