Farm Lease Termination in Iowa: Don’t Miss the September 1st Deadline
Thinking about selling your farmland this fall? Add lease termination to your checklist—because in Iowa, most farm leases automatically renew unless one party serves written notice on or before September 1. Miss that date and you’re likely stuck with the lease (and the tenant) for another crop year. Iowa’s Automatic Renewal Rule—In Plain English Iowa […]
Exploring Farmland Lease Options
Leasing farmland is a common practice that offers flexibility and financial benefits to both landowners and farmers. Understanding the various types of lease agreements is crucial for establishing a partnership that aligns with the goals and risk tolerance of both parties. Below, we explore the primary farmland lease structures, highlighting their characteristics, advantages, and considerations. […]
Leasing Tips for Landowners: Maximizing Value and Mitigating Risk
Leasing farmland is one of the most effective ways to generate steady income while keeping ownership in your hands. Whether you’re new to leasing or a seasoned landowner, understanding the process is key to long-term success. Below are practical farmland leasing tips to help you make informed decisions and protect your investment. 1. Understand the […]
The Impact of Windmills on Farmland: Benefits and Challenges for Farmers
Wind energy has become a popular alternative to traditional power sources, and windmills—or wind turbines—are now a common sight in rural areas across the country. For many farmers, leasing land for wind turbines is an attractive way to generate additional income, but these structures also bring both benefits and challenges. Understanding the impact windmills have […]
Leasing vs. Buying Farm Equipment: What Farmers Should Consider
When it comes to acquiring farm equipment, one of the biggest decisions farmers face is whether to lease or buy. Both choices offer benefits and drawbacks, depending on your farm’s finances, long-term goals, and operational needs. Below is a breakdown of each option to help you make the best decision for your operation. Leasing Farm […]
What is a tax basis?
Top 50 Questions about Farmland Tax basis is the starting value used to determine the gain or loss when you sell an asset, such as farmland. It plays a critical role in calculating taxes and can significantly impact your tax liability. How Tax Basis is Determined Initial Basis: If you purchased the farm, your basis […]
