Idaho 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

Idaho's agriculture production ranks in the top ten in the nation in nearly 30 of the 168 commodities it produces. The state ranks number one in the nation in the production of potatoes, Austrian winter peas, and trout. % of U.S.

Investing in agricultural land can be a great opportunity to capitalize on the current market, with some states offering highly affordable farmland. North Dakota and Wyoming are two of the most cost-effective states for farming land, followed by Alabama and Kentucky.

Potatoes. Idaho leads the nation in potato production ? we produce nearly 1/3 of all U.S. potatoes. Our growers produce more than 100 million hundredweight of potatoes annually on more than 300,000 acres.

Except for the Clearwater River valley and the area around Lewiston, most of northern, central, and southeastern Idaho are best for crops that are adapted to short or very short growing seasons. Long-season crops are more typically produced in southwestern Idaho.

Cash rent expense for all cropland in Idaho is estimated at $194 per acre for 2022, up $14.00 per acre from last year. Irrigated cropland is estimated at $262 per acre, up $26.00 per acre from 2021. Non-irrigated cropland rental expense is $65.50 per acre, up $2.50 per acre from last year.

Potatoes. Idaho leads the nation in potato production ? we produce nearly 1/3 of all U.S. potatoes. Our growers produce more than 100 million hundredweight of potatoes annually on more than 300,000 acres.

Conclusion. The top best states to start a farm or ranch in the US are Montana, Kansas, North Dakota, Texas, Oklahoma, South Dakota, Iowa, Kentucky, Colorado and Wyoming.

Idaho's 25,000 farms and ranches produce more than 185 different commodities, and we're ranked in the top 10 in the U.S. for production of more than 25 crops and livestock.

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Idaho Farm Package