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David Sparks Ph.d Keeping the home fire burning
by David Sparks Ph.d, click here for bio

Program: Line on Agriculture
Date: February 13, 2019

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There is a huge controversy going on all over the country in which farmers are selling their land which in turn leads to great concerns about where are the farms going and what's gonna happen to our food production. Real estate attorney Kim Maloney, who specializes in such transactions, says that is not necessarily so. “The person who is leasing the farm doesn’t have any authority or power over the farmer who previously owned the land and is now leasing it back. The amount of power or control and authority Depends upon the wording in the lease document. In certain leases there may be requirements, for example, that the farmer provide reports or a crop plan for the landlord. But typically, yes, when they are doing these investments they are looking for farmers who have experience and have had success and they want them to continue doing what they have been doing. But the outcome is that it puts immediate cash in the farmer’s pocket. Correct. It allows them to pay off debt and some of their loans. They may be able to take the money and invest in different properties or equipment but it makes them more liquid.”

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