In this episode, Lauren Moylan shares her recent experiences of illness and travel, leading into a discussion on the importance of leases and partnerships in agriculture. She emphasizes the need for clear communication, written agreements, and understanding the risks involved in business partnerships. Lauren provides practical advice on how to navigate these partnerships effectively, ensuring that all parties are aligned and protected.

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Takeaways

Lauren shares her struggles with illness during a busy travel week.

She emphasizes the importance of clear communication in partnerships.

Written contracts are essential for business agreements.

Understanding your risk tolerance is crucial in partnerships.

Trial runs can help assess compatibility with partners.

Avoid vague language in contracts to prevent misunderstandings.

Trust your gut when entering partnerships.

Document all communications to protect yourself.

Leases can unlock growth opportunities in agriculture.

Always be prepared for unexpected costs in business.

Chapters

00:00 A Crazy Week: Personal Updates

06:38 Leases and Partnerships: A Business Perspective

23:07 Red Flags

CattleUSA, agriculture, leases, partnerships, business strategy, farming, cattle, communication, contracts, risk management