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Illinois Crop-Share Cash Farm Lease - FarmDoc 2026
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- Click ‘Get Form’ to open the Illinois Crop-Share Cash Farm Lease in our editor.
- Begin by entering the date and names of both parties involved: the Lessor (Landowner) and Lessee (Tenant). Ensure that you include their exact names and mailing addresses.
- In Section 1, provide a detailed description of the rented land, including its location and size. Specify the length of tenure for the lease.
- Move to Section 2 to outline the division of crops. Fill in the share rent details for each crop type listed, ensuring accuracy in percentages.
- Continue to Section 3 where you will detail investments and expenses. Clearly indicate what each party is responsible for regarding costs.
- In Section 4, specify the Tenant’s duties in operating the farm. Strike out any clauses that do not apply.
- Complete Sections 5 through 7 by filling in management procedures, default terms, and any additional provisions as necessary.
- Finally, review all entries for accuracy before saving or printing two identical copies for both parties.
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| Versions | Form popularity | Fillable & printable |
|---|---|---|
| 2001 | 4.3 Satisfied (53 Votes) |
How much does farmland lease for in Illinois?
The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020.
What is a 1 3 2 3 crop share agreement?
Crop share In some cases a 1/3 to the landowner and 2/3 to the tenant agreement is used but in this this case the landowner would be expected to pay for 1/3 of the seed, fertilizer and chemicals cost for producing the crops.
How to calculate crop share?
Both parties should share in total returns in the same proportion as they contribute resources. This principle implies that if a landlord contributed 50 percent of total resources and the tenant 50 percent, then a sharing of the crop 50/50 would be equitable. All inputs should be valued, including management and risk.
What is a 1 3 2 3 crop share?
Cash-rent tenants means a producer who rents land from another producer or landowner for a fixed cash amount or fix quantity of crop or crop proceeds.
How does a 60/40 crop share work?
There are a few 60-40 leases in which the landowner receives 60 percent of the crops and pays 60 percent of the operating costs, but as a general rule the smaller share, 1/3 or 40 percent, is the portion of the crop which goes to the landowner.
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People also ask
What are common mistakes to avoid in farm lease agreements?
Farm Land Lease Contracts Common mistakes to avoid when creating a lease contract include vague or incomplete language, failure to address potential disputes, and overlooking important details such as payment schedules and renewals.
illinois crop share lease
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