cropping and all labour for the ongoing operation of the farm .

The ongoing costs for the land owner include the rates and insurance on the infrastructure , while the costs for the lessee usually comprises all the general running costs of the farm . This would include any pasture improvement , weed control and repairs .

There are many other considerations that need to be addressed , including any restrictions on land use , the type and quantity of livestock or crops to be allowed on the land , and what measures are to be put into place if either party defaults on the agreement .

Both parties should always seek legal advice before entering into any land lease agreement .

As with any business expansion , it ’ s important to remember that the aim is to increase the profitability of your business , not to get bigger just for the sake of it . There are many instances where small farmers may be able to achieve an increase in the profitability of their small farm by making their current farm more productive , without the need to increase the size of the land holdings .

[ Courtesy of Allan Jarrett , one of FarmStyle Australia ’ s experts www . farmstyle . com . au ]

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THE HAWKESBURY INDEPENDENT theindependentmagazine . com . au ISSUE 170 // JULY 2024 33