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50/50 crop share agreement - sample which is printable

A

Anonymous-0

Well-known Member
My dad's health has dictated that he stop active farming. I farm down the road 4 miles. He has offerred to let me farm his 200 acres of row crops on a 50/50 crop share. This is fine with me as he can still have a participating role. It is questionable how long he will live so he recommended we have something on paper. Does anyone have a sample crop share agreement that I could use to prepare our own??? Also, how are you guys handling the government payments from the FSA?? Is that 50/50 too??? Presently we are planning all expenses to be 50/50 as well as crops sold. As dad's health declines I will provide the daily management including marketing and input selection. My mother is not really knowledgeable in farm management so I will be taking care of her interests as well. I have searched the web for examples but nothing good comes up. Govt. farm payments are a big question for me. Any ideas and comments will help.
 
50/50 agreements I"ve heard about split all income and expenses evenly, but the grain was owned by each partner. That way, each can sell to whoever, whenever. If you market his crop, will there be repercussions from your decisions?
 
I got mine from Iowa State University Extension. An easy download.

Typically for farm programs the tenant gets a power of attorney signed by the landowner, then the tenant does all the paper work at the FSA office, but because its a crop share arrangement the FSA payments are also split.

Crop share agreements vary. The form I used had many lines to negotiate the details. For mine we split the cost of seed, fertilizer, and chemicals. I (the landlord) supply the land. The tenant does all the field work including the chemical application and delivers the crop to the elevator who splits it. We market separately. We discuss the choices of seed, fertilizer, and chemicals and the time of planting and harvest. Right now I have my share for 2010 priced better than he does, but that may change.

Gerald J.
 
On paper is a good idea particularly if there are others in the family.Don't forget to have it witnessed by an independent [no conflict of interest] person.
 
Gov payments get split on crop share arrangements.

None of my business, but do you have siblings - things can get interesting, things a person never knew were there, going down that path.....

Having things on paper is a good idea.

--->Paul
 
This is a situation where a well versed attorney might be worth the money.

No inferrences intended, but in general any agreements involving finances between kinfolks seem to turn into a nightmare faster than between two unrelated parties.
 
One option is that the tenant markets all the crop and splits the cash with the landowner. This puts more responsibility on the tenant, but one assumes the tenant is going to market as well as he can because its his income too.

Gerald J.
 
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