--- title: 20 Essentials to Include in Your Farm Lease description: Often time’s farmers and ranchers are content with doing business on the strength of their word and a simple handshake. However, with the increasing complexity of modern agricultural operations, and the varied financial and legal implications, this informal way of conducting business can lead to numerous problems. Read more about the 20 essentials to include in your farm lease here. --- [![Goosman Lawfirm](https://blog.goosmannlaw.com/hs-fs/hubfs/Goosmannlaw%20October2017/images/Goosmann_Law_Firm_logo_4C-white.png?width=1250&name=Goosmann_Law_Firm_logo_4C-white.png "Goosman Lawfirm")](http://goosmannlaw.com/) - [COVID-19 Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - Our Team - [Attorneys](https://goosmannlaw.com/attorneys/) - [Non-Attorney Staff](https://http://goosmannlaw.com/non-attorney-staff/) - Practices & Industries - [Practices](https://goosmannlaw.com/practices/) - [Banking & Finance](https://goosmannlaw.com/banking-finance/) - [Bankruptcy, Restructuring & Workouts](https://goosmannlaw.com/bankruptcy-restructuring-workouts/) - [Business](https://goosmannlaw.com/business/) - [Divorce & Family Law](https://goosmannlaw.com/divorce-family-law/) - [Employment](https://goosmannlaw.com/employment-law/) - [Environmental, Health & Safety](https://goosmannlaw.com/health-safety/) - 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Often time’s farmers and ranchers are content with doing business on the strength of their word and a simple handshake. However, with the increasing complexity of modern agricultural operations, and the varied financial and legal implications, this informal way of conducting business can lead to numerous problems. By drafting complete and comprehensive written lease agreements the parties can not only remove any uncertainty about the scope of the lease agreement but also protect themselves from subsequent disputes that could arise. Written farm leases don’t necessarily need to be overly complex and complicated documents, although certain scenarios may require some additional complexities. A best practice for farmers and ranchers is to format a standard written lease agreement that covers many of the following issues: 1) Identification of the parties 2) Description of the purpose of the lease 3) Description of the property to be leased 4) The term of the lease 5) Terms and conditions regarding renewal of the lease 6) Lease price and payment terms 7) Access 8) Responsibilities of Landlord/Tenant and Prohibited Activities 9) Natural Resources Rights 10) Reimbursement of expense 11) Property Improvements 12) Insurance 13) Federal Farm Program Payments 14) Requirements to Report Information 15) Production Inputs 16) Farm Management Practices 17) Actions/Activities triggering Default 18) Assignability of lease and/or right to sublease 19) Notice provision 20) Termination procedures 21) Additional Provisions to Note: - Confidentially and/or non-disclosure - Indemnification - Alternative dispute resolution - Choice of law and forum - Severability - Execution in counterparts - Not a joint venture By putting together a simple written lease agreement that covers these topic areas, you can provide clarity concerning your lease arrangement and substantially reduce the potential for future disputes. For additional information regarding Farm Land Leases please [register](http://www.nbi-sems.com/Details.aspx/R-65954ER%7C?ctname=SPKEM) to attend the upcoming [Farm Business Law seminar](http://www.nbi-sems.com/Details.aspx/R-65954ER%7C?ctname=SPKEM) (June 30, 2014 – Sioux Falls, SD) where attorney [Chris Barondeau](http://www.goosmannlaw.com/attorneys/christopher-barondeau/) will be presenting on Negotiating and Drafting Farm Land Leases. 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