Iowa Farm Package

Category:
State:
Multi-State
Control #:
US-P097-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package is designed to assist a farm owner in operating a farm, in matters such as employment, financial, and leasing transactions. The forms included are essential tools for promoting the farm's operation in a legally protected manner. Purchase this package and save 50% over purchasing the forms separately!



The following forms are included in this package:



Agreement to Manage Farm - This form is an agreement to manage a farm. The manager represents and acknowledges that he is an independent contractor. All persons engaged by manager to perform work pursuant to this agreement will either be independent contractors or employees of manager. This agreement is not one of agency by manager for owner, but one with manager engaged independently in the business of managing properties as an independent contractor.


Farm Hand Services Contract - This is an agreement between a farmer or employer and a farm hand whereby the employer hires the farm hand as an independent contractor to perform various farm related duties as agreed upon in the contract.


Farmer's Tax Guide - This is a free bonus publication providing detailed tax information related to farm operations.


Security Agreement with Farm Products as Collateral - In a security agreement, the debtor grants a "security interest" in the personal property in order to secure payment of the loan. Granting a security interest in personal property is the same thing as granting a lien in personal property. This form is a sample of a security agreement in farm products that may be referred to when preparing such a form for your particular state.


Farm Lease - This form is a lease agreement for farm land. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee shall pay all taxes assessed against all personal property located on the premises and will also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties.


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FAQ

Total non-land costs are projected at $871 per acre for corn and $536 for soybeans. Both cost levels are above 2022 levels. Corn non-land costs are $63 per acre higher ($871 in 2023 minus $808 in 2022). Soybean costs are $58 per acre higher ($536 in 2023 minus $478 in 2022).

The average charge for combining and binning corn and wheat is now above $40 per acre, with combining soybeans and hauling them to the bin right at $40 per acre.

No-Till Planter: $27.10 per acre ($12.75 - $42.50 per acre) Soybean Drill: $20.20 per acre ($13 - $27.50 per acre) Grain Drill: $17.70 per acre ($10 - $20 per acre)

Cropland cash rent paid to Iowa landlords in 2023 averaged $269.00 per acre ing to the USDA, National Agricultural Statistics Service. Non-irrigated cropland rent averaged $269.00 per acre, $13.00 above last year. Irrigated cropland rent averaged $271.00 per acre, $19.00 above 2022.

The production costs for a bushel of corn ranged from an average of $1.19 per bushel for those farmers in the lowest quartile to $3.67 per bushel for corn farmers in the highest quartile, ranked by production costs per bushel.

Having a combine adequately sized for acres to be harvested is an important consideration when making harvest equipment decisions. For example, a 2,000-acre farm could run a 540 horsepower combine at a cost of $45.80 per acre for corn or a 320 horsepower combine at a cost of $39.70 per acre for corn.

Ing to Williamson, you need $5,157,500 to set up a new decent-sized grain farm in Iowa; $2,695,000 for a new dairy farm in Nebraska; and $4,477,500 for a wheat growing operation in Kansas.

The cost of a combine harvester will vary depending on the brand, model, and features you choose. As mentioned, you can expect to pay anywhere from $100,000 to $500,000 for a new machine. Of course, used models will be cheaper, but there are a few things to consider before making that purchase.

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Iowa Farm Package