New Publication: "The Beginner’s Guide to Farmland Ownership"

Nearly 39% of the 880 million acres of farmland in the United States is leased, and in Ohio, this figure approaches 50%. Many individuals who inherit or purchase farmland have limited experience in agricultural management, creating uncertainty regarding effective land stewardship. To assist these novice farmland owners, Ohio State University's Agricultural and Resource Law Program is pleased to announce the release of our latest publication, "The Beginner’s Guide to Farmland Ownership", authored by Robert Moore, Attorney and Research Specialist at OSU. This practical, user-friendly resource is now available for download at farmoffice.osu.edu.

Owning farmland is not only a rewarding opportunity but also a significant responsibility, particularly for new landowners with limited farming experience. Whether you've inherited farmland or recently purchased it, navigating complex decisions such as leasing, selling, or managing alternative land uses can be challenging. This 48-page, comprehensive guide was developed to help new landowners understand and manage their farmland effectively.

"The Beginner’s Guide to Farmland Ownership" addresses key areas that every new landowner needs to understand. Topics include understanding farmland valuation, exploring leasing arrangements (cash rent, share rent, and flex leases), considerations when selling farmland, managing tax implications, and assessing alternative land uses such as renewable energy or conservation easements. Additionally, the guide explores strategies for protecting farmland through legal instruments and minimizing risk through insurance and business entities.

Visit farmoffice.osu.edu to access this publication.