Farm Finance Series: The current situation and a look at history
With lower grain prices, higher interest rates, and increased production costs, some farms are facing a challenging financial situation. According to the Federal Reserve, the number of individuals experiencing severe financial stress remains low, but the trend is moving upward. The hard news is...
Landowner Series – Cash-rent farm lease contract tips for landowners and farmers
Having a well-written farm lease is vital in today's farm rental marketplace. The purpose of this article is to provide tips to consider when constructing a cash farm lease in Illinois. Landowners and farmers can find farm lease templates online. Commonly used lease templates in Illinois are...
Landowner Series – Using a flexible cash farm lease
A flexible cash lease is an alternative to a straight cash lease. The flexible cash leash protects the farmer and landowner from economic loss. This type of lease can prevent a farmer from committing to a lease that requires a high guaranteed rent payment, allowing the landowner to have a higher...
Terminating a farm lease in Illinois
The following article is not to be construed as legal advice and is provided for educational purposes only. Information in this article comes in part from the State of Illinois Compiled Statutes (735 ILCS 5/9-206) (from Ch. 110, par. 9-206), which the reader can access online. Other...
