Nevada 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

On average, California producers spent the most on Labor at $160,870 per farm, Farm Services at $127,971 and Feed at $72,174. U.S. total farm production expenditures were estimated at $392.9 billion for 2021, up from $366.2 billion in 2020.

The ?silver state's? poultry and dairy farms are mainly near Las Vegas and Reno. The leading products are hay and potatoes. Other major crops include wheat and barley. Alfalfa is leading cash crop for the state while range livestock is the state's leading agricultural industry.

Fertilizer and rent are most likely the two largest costs for all grain farms.

The average total expense for a livestock farm was $200,359. Crop farm expenses were $233.8 billion, up 12.6% from 2021. Farmers spent $31.9 billion on fertilizer, lime, and soil conditioners; $29 billion on labor; another $28.6 billion on farm services; and $26.7 billion on rent.

In 2022, the United States total farm expenditure average per farm is $226,986, up 15.8 percent from $196,087 in 2021.

In agriculture, these ordinary and necessary expenses include car and truck expenses, fertilizer, seed, rent, insurance, fuel, and other costs of operating a farm.

The top counties with land in farms are Elko, Humboldt, Eureka, Washoe, and Pershing.

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.

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Nevada Farm Package