Share farming and leasing additional land can reduce cost of production

A proven strategy to decrease the cost of production is to farm more land. Leasing and share farming additional land offer alternatives to buying land.

Key Points

• Leasing and/or share farming land provide great opportunities for business expansion.
• Good budgeting is critical to successful lease and share farm negotiation.
• Economies of scale achieved via additional leasing and share farming land can reduce the cost of production.
• Always seek legal advice when preparing a lease or share farming agreement.
• ‘The faintest ink is better than the fondest memory’: Always document share farming and leasing agreements.

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Region National, North, South, West

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