Updated: Iowa Farm Leases - Legal, Economic and Tax Considerations
This article was updated on March 27 to include a section addressing termination of a lease for nonpayment of rent. This section can be found on page five.
There are numerous concepts associated with creating an effective lease for a farming operation. A good lease can be a useful tool, but a lease that is inadequate can cause uncertainty and create problems. Also, income tax, social security tax, estate and business planning as well as other economic issues are associated with farm leases.
The Center for Agricultural Law and Taxation does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. The Center's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.