Kansas Farm Lease or Rental - General

State:
Multi-State
Control #:
US-60961
Format:
Word; 
Rich Text
140 downloads

Description

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

Pasture lease rates in the Flint Hills of Kansas were reported 2% to 3% higher in 2021 compared to 2019, according to the Kansas Department of Agriculture. The average lease rate for a 600-pound steer grazing a full summer season in 2021 was $144.80 per head with care, compared to $139.60 per head in 2019 (+3.6%).

Most farmers find that a combination of both ownership and leasing is desirable, especially when capital is limited. For many new farmers, especially in areas where land is quite expensive, leasing land is often the best option.

The rental rate for row-crop ground in Missouri averaged $147.42 per acre. Farmers reported an average cash rental rate on wheat fields of $113.91/acre; $33.51 lower per acre than row-crop land.

Good pasture/hay ground had an average rental rate of $40.27/acre. Fair pasture users reported rental rates of $33.98 per acre. This year we asked for rental rates of intensively managed pasture which use less than 2.5 acres per cow-calf pair per year. The average rental rate for intensively grazed pasture was $45.07.

Over the last 20 years, the price of farmland per acre in kansas has risen by an average of 6.8% per year to $2,080 per acre as of 2019. This represents an increase of $1,407 per acre of farmland over this time period.

Cash rents paid to landlords in 2020 for cropland were mixed from last year. Irrigated cropland rent averaged $129 per acre, $1 above last year. Dryland cropland rent averaged $56 per acre, $1 lower than a year earlier. Pasture rented for cash averaged $19.50 per acre, $0.50 above the previous year.

Cash rents paid to landlords in 2020 for cropland were mixed from last year. Irrigated cropland rent averaged $129 per acre, $1 above last year. Dryland cropland rent averaged $56 per acre, $1 lower than a year earlier. Pasture rented for cash averaged $19.50 per acre, $0.50 above the previous year.

Pasture lease rates in the Flint Hills of Kansas were reported 2% to 3% higher in 2021 compared to 2019, according to the Kansas Department of Agriculture. The average lease rate for a 600-pound steer grazing a full summer season in 2021 was $144.80 per head with care, compared to $139.60 per head in 2019 (+3.6%).

The maximum duration of a standard residential lease agreement is one (1) year in Kansas. Leases longer than one year must be in writing (not verbal). Verbal leases are valid for shorter rental periods. Three-month leases are common in Kansas, for example.

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Kansas Farm Lease or Rental - General