Real Estate Farms Law and Legal Definition
Where a lease is of a farm and animals, it is a lease of the land, and a bailment of the animals involved. Depending on the terms of the lease, a tenant of a farm that is leased with the livestock on the farm may be either the bailee (custodian) of the livestock for hire or the owner of such livestock Unless otherwise specified in the lease, a tenant who leases a farm together with the livestock on the farm is entitled to the increase of the livestock.
A contract for the sale of a crop to be grown or that is growing is governed by the provisions of Article 2 (Sales) of the Uniform Commercial Code, since the definition of "goods" includes growing crops. The nature of the contract as one either of sale or to sell depends on the presence or potential existence of the crop at the time of making the contract, which may also affect the validity and/or enforceability of the contract, and may determine the time when title to the crop is transferred.