Farm Business Management
Helping farmers with business and risk management.
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Agricultural Leasing and Farmland Purchases in Delaware
Under a crop share lease, a tenant pays the landowner a certain percentage of harvested crops. In return, a landlord allows the tenant to use the land and may pay a percentage of certain input costs. The percentage of both crops and selected expenses are usually based on local custom.
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Considerations for Renting Farmland
Imagine the ideal farm with optimal soil conditions and irrigation that is in close proximity to the home farm finally becomes available for rent. Most producers would jump on an opportunity to pick up a piece of property such as this and add it to the operation. However, there are factors that need to be considered before any rented farmland is added to the operation. This fact sheet will go through those factors, and an accompanying excel tool will allow producers to evaluate profitability of potential farmland.
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Creating and Using Enterprise Budgets
An enterprise is defined as a single crop or livestock commodity that produces a marketable product. The mix of enterprises an agricultural producer raises determines the overall profitability of a farming business.听
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ESTATE AND SUCCESSION PLANNING FOR DELAWARE FARM FAMILIES
The goal of passing on the farm to the next generation requires careful thought, communication, and planning. Estate and succession plans help farm families think through the transfer process. Most people do not want to think about death, however, and do not develop a succession or estate plan until it is too late.
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Farm Business Structures: Pros and Cons of Each
Choosing a business structure for a farming business can be difficult because entities differ in tax and legal implications. Choosing a business structure for the farm operation could result in either beneficial or negative consequences.
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Delaware鈥檚 proximity to Maryland offers many opportunities to share valuable resources. The听听is among those resources. ALEI鈥檚 legal specialists work with ag industry providers, including Maryland and Delaware Extension agents and specialists, to help farmers understand and comply with local, state and federal regulations. ALEI faculty and staff offer a variety of educational opportunities for Delaware farmers and ag service providers.听
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