Common Contracts
1 similar Simple Lease Agreement contracts
Simple lease agreement texasSimple Lease Agreement • March 13th, 2021
A cattle lease agreement allows a farmer to gain the benefits of a cow, bull or a herd of cattle without having to pay the full purchase price. Depending on the terms of the agreement, the farmer may also avoid other expenses, such as the cost of having to replace a cow that dies, some of the costs of feeding the cattle and some veterinary bills. A cattle lease agreement can provide tax benefits for the seller. When a farmer purchases a cow, the seller immediately recognizes the full gain on the sale. According to Colorado State University, a lease allows the seller to recognize the sale income over time, and the seller gets the greatest tax benefit from a calf share agreement. A cattle lease agreement allows a farmer to gain income from a herd, even if the farmer can no longer afford to feed and take care of the herd, without permanently selling the herd. If the farmer temporarily has a shortage of money, the farmer can lease out the herd and then take back the cattle when funds are a
