(Podcast) Episode 021: Land Leasing in the West

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Kate chats about land leasing issues with John Hewlett, a farm and ranch management extension specialist at the University of Wyoming and Shannon Neibergs, who directs the Western Risk Management Education Center.  Both John and Shannon’s work on leasing incorporates risk and risk management.  The group also discusses cover crops in leases, and available drought and wildfire resources.

Highlights:

1:10 How do leasing topics play a part in your jobs and what lease-related projects are you working on lately?

3:20 Six factors to consider when calculating a contributions-based lease rate

4:00 What to think about when adding cover crops into lease rates

8:20 Is it important to have an attorney review a lease?

17:00 How to calculate shares when share leasing?

20:30 How to calculate hay ground rates?

23:10 How to treat the contribution of fertilizer in a lease?

25:30 Tools to calculate costs of running machinery

28:45 Drought and wildfire resources


Resources mentioned in the podcast:

More helpful stuff:

Leasing Resources for Montana:  msuextension.org/aglease

Drought and wildfire:

 

(Intro and outro music by Trevor Sensor; photo credit Kate Fuller)

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About Author

Kate Binzen Fuller is an assistant professor and extension specialist in the Department of Agricultural Economics and Economics at Montana State University. She holds an M.S. and Ph.D. from the University of California, Davis. Her extension and research program focuses on the economics of farm management decisions, including USDA programs and policies, pests and diseases responses, and issues surrounding leasing and land values. Kate’s extension program takes her on the road often, resulting in a rapidly expanding knowledge and appreciation for Montana’s interstates, highways, and (especially) gravel roads.

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