Farmland Lease Agreement Reaches Finalization

After completing the first 9 years of an 11 year Airport Farmland Lease Agreement, the farmland contractor notified the Airport Director that they would no longer be able to meet the financial payment necessary to continue the farmland lease. As a result, Airport Management advertised public auction of the airport farmland. On April 5, 2017, the existing 512 acres of airport owned land was auctioned between nine farming contractors. The highest bidder, after investigation to ensure financial capability, accepted the new farmland lease agreement on April 18, 2017. This farmland provides sizable revenue for the airport, providing $94,812 in 2016 and $118,545 in 2017.