Gifting now versus waiting for a step-up in basis
A lot of factors and personal goals can go into this decision, which we suggest discussing with your farm succession team.
Read MoreBy Nicole Steiner, Esq., Wright & Moore Law Co., LPA
Leasing farmland is often personal. You’ve worked the same ground for years, maybe decades. It might’ve started with a handshake. Maybe your dad knew their dad. You send Christmas cards, shovel snow, and swap sweet corn in July. But when life shifts, a landowner dies, or land is sold or-released, trust alone isn’t enough.
In 2022, Ohio passed House Bill 397 (R.C. § 5301.71) to give farmers more security by standardizing farm lease terminations. Before HB 397, a last-minute text “We’re leasing to someone else”—could upend your season. The law helps, but only a comprehensive written lease ensures your rights when circumstances shift.
Without a well-drafted lease, you’re vulnerable. Here’s why, based on recent real-life projects:
Oral agreements or loosely-assembled written contracts feel neighborly but crumble under conflict. Even with a signed lease, enforcing your rights may require expensive and disruptive litigation.
A signed, well-drafted lease is your strongest tool. Here’s how to make it work:
Farming is uncertain enough—your lease shouldn’t be.
HB 397 adds important structure, but it won’t save you from an oral agreement or a vague written contract. Don’t assume that years of farming—or swapping sweet corn—guarantee next season’s rights. A signed lease is your best defense.
About the Author
Nicole Steiner is a junior associate on the Farm Succession & Legacy Preservation Team at Wright & Moore Law Co. LPA in Delaware, Ohio. She assists clients with a range of agricultural matters, including succession planning, farm lease disputes and family law issues. Raised on her family’s dairy farm in Wayne County, Ohio, Nicole brings a firsthand perspective to her practice. After earning a degree in agriculture from The Ohio State University, she worked as a brand manager for the Certified Angus Beef® brand in Wooster, Ohio. Nicole then earned her law degree from Liberty University School of Law, where she interned for Chief Justice Parker of the Alabama Supreme Court. Admitted to the Ohio Bar in 2024, Nicole combines her roots and legal training to help farming families resolve conflict and navigate transitions to the next generation.
Wright & Moore Law Co., LPA has a rich heritage in Ohio agriculture. Since 1988, our firm has proudly assisted farmers, rural residents, and landowners from all over the state with their farm succession planning and agricultural legal needs. We would be happy to discuss your family goals and how to meet them. To learn more about Wright & Moore or schedule a meeting, call 740-990-0750 or visit OhioFarmLaw.com
A lot of factors and personal goals can go into this decision, which we suggest discussing with your farm succession team.
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In 2022, Ohio passed House Bill 397 to give farmers more security by standardizing farm lease terminations. The law helps, but only a comprehensive written lease ensures your rights when circumstances shift.
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