Get IA FM 1724 2018
Roblem, some owners and tenants use flexible lease agreements in which the rent is not determined until after the crop is harvested. The final rental rate is based on actual prices and/or yields attained each year. The 2017 Iowa Farmland Ownership and Tenure Survey showed that flexible leases accounted for 18 percent of all cash rent leases in Iowa. Flexible leases have the following advantages: • The actual rent paid adjusts automatically as yields or prices fluctuate. • Risks are shared .
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