Joint Ventures & Farming Agreements
Agriculture and farming is a changing industry which is seeing many farms, particularly the more traditional family farms, reassessing how they operate their business and considering if they wish to continue as the farmer or would be happy to let somebody else take on the role.
If you wish to relinquish the responsibilities of day to day management it might be best to set up a Farm Business Tenancy. This type of agreement can be tailored to the individual needs of each party and can include customised provisions. Rent shall be paid on a periodic basis and the land owner will not be involved in the running or cropping once the tenancy period has commenced.
If you wish to retain some responsibilities and involvement then a contract farming or share farming agreement could be perfect. The parties come to an agreement between one and another of the responsibilities and tasks that each will be responsible for and likewise with the costs. In some circumstances both parties will have a standard charge payable from the income and then there is usually a profit share. These types of agreement can be perfect for allowing young and new entrants gain experience and an entrance into farming.
Grazing or mowing licences and other grassland agreements tend to be a more relaxed affair with the land owner maintaining control but another party coming to the land for a certain period of the year to use the grass.
We have a great deal of experience setting up all manner of agreements for both landlord and tenant and can also take on the period management of these agreements.