By David Bau, Extension Educator
Ag Lease 101 helps both land owners and land operators learn about alternative lease arrangements and includes sample written lease agreements for several alternatives. Ag Lease 101 was created by and is maintained by the North Central Farm Management Extension Committee. More than half the cropland in the North Central Region of the United States is rented. Rental rate and leasing information is highly sought by both land owners and land operators.
AgLease101.org includes multi-state materials which help land owners and land operators discuss and resolve issues to avoid legal risk. The website also guides both land owners and land operators towards informed and equitable decisions.
Ag Lease 101 was created by a team of economists and attorneys.
Several Lease Publications are available including: Fixed and Flexible Cash Rental Arrangements For Your Farm, Crop Share Rental Arrangements For Your Farm, Pasture Rental Arrangements For Your Farm, Rental Agreements For Farm Buildings and Livestock Facilities, Purchasing and Leasing Farm Equipment and Beef Cow Rental Arrangements For Your Farm.
These documents will help farmers and landlords set up desired terms for the lease agreement.
Several interactive Leases Forms are available including: Cash Farm Lease, Crop-Share Farm Lease, Pasture Lease, Farm Building or Livestock Facility Lease, Farm Machinery Lease for Non-commercial Transactions and Livestock Rental Leases.
These forms are interactive so landlord and farmers can just fill in the blanks and print out final lease form for signatures.
Worksheets are available to help work out lease terms including: Pasture Lease Worksheets and Beef Cow Lease Worksheets.
These worksheets will help farmers and landlords determine the terms for the lease agreement.
Many leases are verbal but a written lease is important so there are no discrepancies at the end of the year in the terms of the lease.
There are several reasons why you should have a written lease for your agricultural operation. Having a written lease is a great discussion tool between land owner and land operator. A written lease provides means for dealing with the unexpected and allows you to flesh out specific details in your agreement.