Get Ia Fm 1724 2013

The IA FM 1724, also known as the flexible farm lease agreement form, is designed to facilitate clear communication between landowners and tenants regarding cash rent payments based on variable crop yields and prices. This guide will provide you with step-by-step instructions to complete the form online efficiently and accurately.

Follow the steps to fill out the IA FM 1724 online.

1. Click the ‘Get Form’ button to access the IA FM 1724 form and open it in your preferred editing application.
2. Enter the area of cropland in acres for both corn and soybeans in the designated fields.
3. Select option A by filling in the percentage of gross revenue to share, or option B by providing the base rent per acre for both corn and soybeans.
4. If using option B, note the base gross revenue per acre in the corresponding fields and specify the percentage of gross revenue to share in excess of the base.
5. Check the method for determining actual yield — either through farm yield or county average yield — and mark the appropriate selection.
6. Specify the source of price information used for calculating the final rent, including the dates of the prices to apply.
7. Detail any USDA payments by providing the distribution between the owner and tenant for direct payments, ACRE payments, and SURE payments.
8. Outline the payment schedule, including the dates and amounts, ensuring clarity on fixed or flexible payments.
9. Provide examples or actual rent calculations as required, filling in relevant numbers for options A and B as applicable.
10. Once all fields are completed, remember to save changes, then download, print, or share the form as needed.

Complete your IA FM 1724 online today and ensure clarity in your flexible farm lease agreements.