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A farm purchase agreement documents the sale of real estate, specifically farmland. Create your document to purchase a farm and land here.The Parties agree that the U.S. Exchange Lands shall comprise a total ofno more than. This agreement is used when each party has a separate land base. The custom operator agrees to perform all the machine operations on the owner's land in exchange for a set fee or rate. This series covers the factors you should take into consideration when renting out your farm land. Land contracts are sellerfinanced alternatives to traditional mortgage financing. EXECUTE EXCHANGE DOCUMENTS: Exchanger must sign all exchange documents and the seller of the replacement property must sign the assignment agreement. If you anticipate selling your orchard, farm or ranch now or in the near future, it's likely very critical that you do a 1031 exchange. If you anticipate selling your orchard, farm or ranch now or in the near future, it's likely very critical that you do a 1031 exchange.