A good bull is expensive to buy and more expensive to maintain the other nine months of the year when he’s not working. Therefore, operations may choose to lease a bull rather than to own. When done properly, a bull lease arrangement can be beneficial to both parties, reducing the carrying costs of the bull battery.
The key to any successful lease agreement is to put it in writing. A written agreement ensures both the owner and the renter are on the same page, alleviates disagreements before they happen, and preserves the…
