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Deadline nears to renegotiate farmland leases

Tenant farmers wanting to renegotiate farmland leases for 2015 need to deliver notices soon.  According to Purdue University agricultural law professor Gerald Harrison, the Indiana notification deadline is three months before the end of the current crop year.  By custom in the Indiana farming community, crop years end on the last day of February – therefore the notification deadline is December 1, 2014.

However, even if a notification is delivered on time, Harrison says, the landlord is under no legal obligation to change the terms of the lease.