Farm Lease Law & Legal Definition
What is a farm?
Any land used to produce crops, livestock, specialty livestock, or grazing and includes woodland and wasteland not under cultivation or used for pasture or grazing. According to the US Government, a farm is any place from which $1,000 or more of agricultural products were produced and sold, or normally would have been sold during the census year.
What information is included in a farm lease agreement for cash?
Information listed in a farm lease agreement will include:
- Date/Contracting Parties/Description of Property, and Term of Lease
- Land Use and Cropping Program
- Amount of Rent and Time of Payment
- Signatures of Parties in Agreement
What information is included in a crop share farm lease?
Information listed in a crop share farm lease will include:
- The Parties' Shares of Crops and Crop Expenses
- Marketing,Billing, Management and Miscellaneous Provisions
- Date/ Contracting Parties/Description of Property, and Term of Lease
- Land Use and Cropping Program
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