Farmland Lease (FL)

When leasing farmland, a written agreement is a must. A farmland lease has many of the same provisions and considerations as a residential or commercial rental agreement, but they are written to address the unique needs of a farm.

Specifically, this farmland lease covers tenants growing crops, pasturing animals, or both. It can be customized for up to 5 different land uses with several different rental arrangements:

• Cash Lease - A fixed, agreed-upon rental payment regardless of the crop prices.
• Cash Crop Lease - Rent is calculated based on the type(s) of crops or livestock and acreage for each.
• Crop Share Lease - Rent is calculated based on the crop yield, but you can also set a minimum and maximum amount of rent, and agree that a portion of the expenses incurred in connection with using the land (such as seed, fertilizer, insecticide, etc.) will be deducted from the rent.
• Hybrid Lease - The total rent is calculated based on the acreage with an additional amount based on crop yield. You can also set a minimum and maximum amount of rent, and agree that a portion of the expenses incurred in connection with using the land (such as seed, fertilizer, insecticide, etc.) will be deducted from the rent.