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A farm rental agreement is similar to a lease, and these terms are typically used interchangeably. For example — that the land and its uses hold for the other.Those issues should be discussed before you enter into an agreement with a farmer.7. Examples. □ A verbal agreement to lease land that begins on Jan. For the use of this Property Lessee shall pay Lessor annual cash rent of. Involving a flat rental fee for the use of land. Some landowners require a predetermined fee to use their land that does not depend on the yield or crop prices. A agricultural land lease is an agreement between the property owner (lessor) and leasee that stipulates the terms of use for a piece of farmland.