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Open in new window Is Your Lease Compatible with Your Division of USDA Farm Program Payments Between Landlord and Tenant

Donald L. Uchtmann ( May, 2006 )

Summary

Whether a farm lease meets the technical definition of a “cash” lease or a “share” lease under federal regulations determines whether the farm operator, alone, or both the operator and the landlord is to receive certain USDA farm program payments. “Flexible” or “adjustable” cash rental arrangements, which technically may be “share” leases under the regulations, can be especially problematic. Improper division of farm program payments can result in ineligibility for farm program payments, and in some circumstances, a need to pay back previous payments.


Details

Organization University of Illinois Department of Agricultural and Consumer Economics
Publisher University of Illinois
Publication Date May, 2006
Publication Views 317
Material Type Written Material

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