Iowa Lease Agreement for Surface of Lands, Grazing, and Livestock Operations
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How to fill out Lease Agreement For Surface Of Lands, Grazing, And Livestock Operations?
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FAQ
Pasture rented for cash averaged $59.50 per acre, $1.50 above 2021. Grundy County had the highest cash rent for non-irrigated cropland at $304.00 per acre, followed by Sioux County at $295.00 per acre. Ida, Black Hawk, and Bremer rounded out the top five.
Cropland rental rates released by the USDA National Agricultural Statistics Service averaged $269 per acre in 2023, a 5.1% increase from 2022, and the second highest percentage increase in the past 10 years. Cash rent for pasture was 1.7% higher at $60.50 per acre.
562.6 Agreement for termination. If a written agreement is made fixing the time of the termination of a tenancy, the tenancy shall terminate at the time agreed upon, without notice.
The 2022 ISU Land Value Survey shows the average value of an acre of farmland jumped 17%, or $1,660, to $11,411 per acre. The nominal value of an acre of farmland is again higher this year than at any point since Iowa State University began surveying values in 1941.
Under a Custom Share Lease, the landowner provides all of the land and inputs and receives 75%-80% of the crop. The farm tenant provides the equipment and labor and receives 20%-25% of the crop in return for their contribution. The lease typically has higher returns than the normal 50/50 crop share lease.
Fill out the details of the agreement including the names of the parties involved, the duration of the lease, the amount of rent, the size of the pasture, and any other special considerations such as restrictions on grazing or use of the land. 3. Sign the agreement in front of a witness and have them sign it as well.
(DTN) -- The average cash rental rate for Iowa farmland climbed 9% in 2023 to $279 per acre, ing to an annual survey conducted by Iowa State University Extension.
Pasture and timber ground has seen an increase in the past six months as well. Pasture ground in northwest Iowa has the highest value at $5,000 per acre, but the largest increase was seen in south-central Iowa, with a 5.5% increase to bring average prices to $4,200 per acre.