North Dakota Farm Package

Category:
State:
Multi-State
Control #:
US-P097-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package is designed to assist a farm owner in operating a farm, in matters such as employment, financial, and leasing transactions. The forms included are essential tools for promoting the farm's operation in a legally protected manner. Purchase this package and save 50% over purchasing the forms separately!



The following forms are included in this package:



Agreement to Manage Farm - This form is an agreement to manage a farm. The manager represents and acknowledges that he is an independent contractor. All persons engaged by manager to perform work pursuant to this agreement will either be independent contractors or employees of manager. This agreement is not one of agency by manager for owner, but one with manager engaged independently in the business of managing properties as an independent contractor.


Farm Hand Services Contract - This is an agreement between a farmer or employer and a farm hand whereby the employer hires the farm hand as an independent contractor to perform various farm related duties as agreed upon in the contract.


Farmer's Tax Guide - This is a free bonus publication providing detailed tax information related to farm operations.


Security Agreement with Farm Products as Collateral - In a security agreement, the debtor grants a "security interest" in the personal property in order to secure payment of the loan. Granting a security interest in personal property is the same thing as granting a lien in personal property. This form is a sample of a security agreement in farm products that may be referred to when preparing such a form for your particular state.


Farm Lease - This form is a lease agreement for farm land. The lessor will pay all ad valorem taxes assessed against the leased property. The lessee shall pay all taxes assessed against all personal property located on the premises and will also pay all privilege, excise and other taxes duly assessed. The lessee will pay the taxes when due so as to prevent the assessment of any late fees or penalties.


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FAQ

He responded, ?I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.?

Bill Gates and his purchase of nearly 2,100 acres of North Dakota (ND) farmland made headlines earlier this year. ing to Land Report, nearly 1% of the nation's total farmland is tied to Bill Gates, making him the largest private owner of U.S. farmland.

Yes, we lead the nation in spring wheat and sunflower production, but we also hold a sweet spot as the No. 1 honey-producing state in the country for 19 years running. North Dakota is a hotbed for emerging crops like industrial hemp, hops, fava beans and carinata, too.

North Dakota State University Extension ag finance specialist Bryon Parman says the average value per acre in North Dakota for 2023 is $2,863.

North Dakota's top cropsNorth Dakota's top crops Soybeans, corn and wheat are No. 1, 2 and 3 in value.

North Dakota State University Extension ag finance specialist Bryon Parman says the average value per acre in North Dakota for 2023 is $2,863.

Despite high production costs to start 2022, net farm incomes remained high helping facilitate a sharp rise in land prices for 2023, says Bryon Parman, North Dakota State University (NDSU) Extension agricultural finance specialist.

Farm real estate value for 2023 averaged $2,320 per acre, up $270 per acre (up 13%) from last year. Cropland value increased 13% from last year to $2,660 per acre. Pastureland, at $1,070 per acre, was $140 higher than the previous year. Cash rents paid to landlords in 2023 for cropland increased from last year.

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North Dakota Farm Package