
Illinois Crop Share Cash Farm Lease FarmDoc Form
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People also ask csl01 0911 template
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How to calculate cash rent?
The Cash Rent Equivalent is the sum of your annual farm loan payments and your annual farmland taxes divided by total acres (not tillable). As we all know, land costs much more than just the mortgage and taxes on it.
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What is the average price of farm ground in Illinois?
The current average per acre price for land in Illinois ing to these January sales is $12,097/acre. The highest selling farm in Illinois in the month of Januray 2024 sold on January 30th in Champaign County for $2,775,986 or $17,040 per acre for 162.9 acres, with a PI of 139.6.
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What is the average cash rent for farm ground in Illinois?
0:34 3:15 And controlling for crop reporting District or Regional effects. We estimate a simple formula toMoreAnd controlling for crop reporting District or Regional effects. We estimate a simple formula to calculate a typical cash rent level for a farm.
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Which costs are shared between the tenant and the landowner under a typical crop share lease?
With a crop-share lease, the landowner and tenant agree to share the income from the land, but they do not set a specific amount of money. The landowner receives a share of the gross income to compensate for his/her interest on investment, taxes, insurance, maintenance, depreciation, and operating expenses.
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How does crop sharing work?
Crop share leasing often is handled on a whole farm basis. That is, all crops are shared between the landlord and tenant on the same basis. For example, if crops raised were wheat, corn, soybeans, and alfalfa, then the crops would be shared on the same basis, such as 50-50 or 40-60, for the whole farm approach.
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What is the average cash rent per acre in Illinois?
Average 2024 Cash Rents in Illinois The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2).
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What is Illinois cash crop?
What agricultural goods are produced in Illinois? Illinois is a leading producer of soybeans, corn and swine.
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