That time of year is upon us for those of you who are still doing verbal leases.
Nebraska Law identifies March 1 as the start of the new crop season each year.
Nebraska Law also states that any changes to VERBAL Leases must be made and parties notified 6 months prior to the start of the crop season.
That would be September 1! (Every single Year!)
I recommend to have any changes done already, but no later than August 31st each year.
If you have a Written Lease, refer to your current lease for when any changes or notifications are required to be made.
If you are still using a handshake verbal agreement but need a Written Lease for your farm, give me a call...but do it soon as there are less than 100 hours left to change anything for 2017.
This year is critical as the low crop prices may affect the strategy in place for rent amounts all across the United States.
If you are in doubt...contact your local experienced Farm Broker or Agent ASAP!
Until Next Time...
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