For years you and your tenant farmer have been working under an oral agreement regarding the farming of your real property. Now, for whatever reason, you need to terminate that agreement. How do you do this? Under Illinois law, farmland leases are subject to very specific rule. Whether leased on a crop share, livestock share, cash rent, or hybrid basis, …
What is a Farm Equipment Lease Agreement? A farm equipment lease is a long-term rental agreement between the owner of farm equipment (the lessor) and an individual or company that wishes to use the farm equipment (the lessee) in exchange for cash rent. Farm equipment leases are far from simple agreements. A properly drafted agreement will navigate the following five …
For farmers purchasing land is not always an option or the best option for their purpose. In those cases, leasing land may be a better option. For leasing land, there are multiple options: 1. Cash-Rent Leases: A cash rent lease is where the tenant usually pays a fixed dollar amount in rent and it may be modified based on crop …
<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/aYx8HfACKKg” frameborder=”0″ allowfullscreen></iframe> Here is the video of the presentation that I gave to Lawline this past summer on an Overview of Common Agriculture Contracts. You can download the slides and the presentation materials that go along with this presentation and get Continuing Legal Education (“CLE”) credits (for you lawyers out there) via Lawline here. This …
Rincker Law, PLLC is 7 years old! With each anniversary of my law practice, I like to reflect on the previous year. Ruth has been my right hand girl for a few years now but Ravi Cattry joined the team a year ago. It’s been great having these two ladies a part of the firm’s growth over the years. …
You can download my substantive outline discussing a few of the major contractual issues that affect production agriculture on my JD Supra page here. The outline discusses a myriad of contracts issues including: agriculture production contracts, purchase agreements (for land, livestock and farm equipment), leases (for land, livestock and farm equipment), special contracts (e.g., custom feeding arrangements, embryo transfer contracts, …
I gave a presentation last Thursday at Lawline on Farm Leases. My powerpoint presentation can be viewed below. It discusses: (1) general considerations with farm leases, (2) active vs. passive income (and why it matters!), (3) types of farm leases, (4) lease provisions, (5) price/rent negotiation, and (6) a few other types of leases used on farming operations. [slideshare …
I will be presenting live tomorrow at 3:30pm ET giving an “Overview of Farm Leases.” The webinar will last for 1 hour. Recording will be available later via Lawline and Continuing Legal Education (“CLE”) credit is available. For a sneak preview, check out my outline available via JD Supra here.