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Flexible farm lease agreements

Iowa state farm agreements 2025

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The document discusses flexible farm lease agreements, which allow rental rates to be determined post-harvest based on actual crop prices and yields. It highlights the advantages of such leases, including shared risks and profits between landowners and tenants. Two main types of flexible leases are described: one based on a share of gross revenue and another combining a base rent with bonuses for excess revenue. The document also emphasizes the importance of clearly defining terms for yield and price determination, as well as considerations for government and crop insurance payments.

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What is the statute on farm leases in Iowa?

Iowa Code 562.6 generally provides that Iowa leases for a farm tenancy automatically renew for another year under the same terms and conditions as the original lease unless either party provides written termination notice, in the specific manner directed by statute, on or before September 1.

Did Iowa farmland values fell 3.1% after 5 years of increases?

2024 ISU Land Value Survey Results The annual Iowa State University Land Value Survey found that farmland values decreased 3.1%, or $369, to $11,467 per acre. The decrease this year nearly erases the 3.7% increase from last year and ends a five-year trend of increasing prices.

How do I get out of a farm lease?

For unwritten leases, six months advance notice must be given to legally terminate the lease. In contrast, the termination of a written lease is determined by the terms of the written lease. If nothing is specified, a written lease terminates automatically on the last day of the lease with no automatic renewal.

Who owns most of the farmland in Iowa?

Two-thirds of Iowa farmland is owned by people 65 years or above and 37% of farmland is owned by people aged 75 and above. In contrast, only 29% percent of Iowa farmland was owned by people 65 years or above in 1982. Forty-six percent of farmland is owned by women, and 13% is owned by female landowners over 80 of age.

Are farmland prices going up or down?

The value of U.S. farmland averaged $4,080 per acre, an increase of 7.4 percent over 2022 values, or 3.9 percent when adjusted for inflation.

Are land prices going down in Iowa?

Iowa farmland values fell an average of 3.1% in 2024, ing to the 2024 Iowa State University (ISU) Land Value Survey. A separate report from Peoples Co. suggests the factors influencing farmland values in Iowa are also impacting other Corn Belt states.

Is the amount of farmland decreasing?

AFTs Farms Under Threat: Choosing an Abundant Future reveals California is projected to lose 797,358 acres by 2040 under current conditions. The California Department of Conservation estimates just under 50,000 acres of the states agricultural land is being lost annually.

Did Iowa farmland values drop 3.1% this year ing to Iowa State survey?

The annual Iowa State University Land Value Survey found that farmland values decreased 3.1%, or $369, to $11,467 per acre. The decrease this year nearly erases the 3.7% increase from last year and ends a five-year trend of increasing prices.

Iowa state farm agreements 2025

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