Farm Rent al Agreement sFarm Rental Agreement • December 21st, 2016
Contract Type FiledDecember 21st, 2016Farm leases have evolved over time, but perhaps never more rapidly than during the last quarter of the 20th century. Historically, share leases were the dominant lease form, as landowners and operators shared costs, risks and returns. But the increasing use of labor-saving technology caused landowners to rethink the share lease. Labor was the primary input of the operator, and land the primary input of the landowner; out-of- pocket expenses were shared. Labor-saving technologies tipped the scales in favor of the operator financially; machinery and pesticides are noteworthy examples of new costs to be shared as the operator’s input (labor) dwindled and the landowner’s input (land) remained constant. Legal and income