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Send Farm Lease Agreement Form via Fax

Send Farm Lease Agreement Form via Fax

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Aug 6th, 2022

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How to Send Farm Lease Agreement Form via Fax

4.9 out of 5

10 votes

In this Farm Doc Insight, Gary Schnitkey discusses share rent leases as a compensation method for farmers using land owned by others. He outlines two primary types: share rent and cash rent, with share rent leases usually lasting one year while often being renewed for several years. A written lease is strongly advised to prevent conflicts between parties. In Illinois, if there is no written agreement, either the farmer or the landowner must provide notice by October 31st regarding the continuation of the lease for the following year. Without notice, the lease is assumed to carry on into the next year. Key elements typically shared in a share rent lease are noted, although specifics were not detailed.

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