SHARE FARMING AGREEMENTShare Farming Agreement • February 15th, 2010
Contract Type FiledFebruary 15th, 2010This specimen agreement was drawn up for farmers intending to enter into share farming arrangements. It provides for tillage, beef and sheep enterprises. The structure of the milk quota regime does not facilitate the operation of share farming arrangements in the dairying sector. Share farming is a system of farming where two people, by adhering to certain principles, together farm the same area of land as separate enterprises remaining separate and independent for accounts and tax purposes. National and EU support payments can normally be claimed by one of the parties, usually the landowner, on the share farmed land provided all the conditions adhering to such payments are fulfilled. If the land is being farmed in a REPS contract then the term of the agreement may need to be long enough to accommodate any obligations under that scheme.