Utah 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

By many standards Utah is not an agricultural state. Nature has been stingy in that regard. Good crop land is scarce. Water is not plentiful, nor can it even be found in many places.

Most valuable crops grown in Utah #6. Safflower. ? Annual production: $1.6 million. ... #5. Barley. ? Annual production: $3.6 million. ... #4. Cherries. ? Annual production: $8.5 million. ... #3. Corn. ? Annual production: $20.4 million. ... #2. Wheat. ? Annual production: $32.0 million. ... #1. Hay & haylage. ? Annual production: $488.9 million.

Most crop farms are concentrated in the Wasatch Front, a narrow strip of land extending approximately 100 miles north and south of Salt Lake City at the base of the Wasatch Range.

The top crop by value of sales is hay at $275 million. Other livestock that generates the most income are hogs, chicken eggs, sheep, and lambs, while the next top sellers in crops, after hay, are nursery items (potted plants and shrubbery), grains, and oilseeds.

The total value of agricultural sales is $1.84 billion, of which 31 percent are from crop sales and 69 percent are from livestock and their products! The top crops by value of sales are hay and other crops at over $275 million, nursery at over $135 million, and grains and oilseeds at more than $90 million.

The most important crop grown in Utah is hay with close to three-fifths of the cropland devoted to the crop. Utah is well known for its homegrown sweet corn and tomatoes which are sold across the state at local farmer's markets.

Gross Cash Income: the sum of all receipts from the sale of crops, livestock and farm-related goods and services, as well as any direct payments from the government. Gross Farm Income: the same as gross cash income with the addition of non-money income, such as the value of home consumption of self-produced food.

Dairy Farming: Dairy farming is one of the most profitable agricultural business ideas. Aside from milk, it also produces manure. There is a high demand for organic dairy products all year round such as milk, cheese, curd, cream and so much more.

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Utah Farm Package