Virginia Farm Lease or Rental — Crop Share refers to an agreement or contract between a landowner and a farmer where the farmer leases or rents agricultural land in Virginia to cultivate and grow crops. This type of leasing arrangement is based on a crop sharing model, where the landowner and farmer share the risks and rewards of the crop production. The Virginia Farm Lease or Rental — Crop Share agreement typically outlines the terms, conditions, and responsibilities of both parties involved. It specifies the duration of the lease, the size of the land, and the crops to be grown. This type of arrangement is beneficial for both parties as it allows the landowner to earn income from their land without the need for active cultivation, while providing the farmer the opportunity to access land for farming. There are various types of Virginia Farm Lease or Rental — Crop Share agreements, including: 1. Traditional Crop Share: In this arrangement, the landowner and farmer share the expenses, such as seed, fertilizer, and equipment, while also sharing the resulting crop harvest. The ratio of the share can vary, with common splits being 50-50 or 60-40 in favor of the landowner. 2. Custom Farming Crop Share: This type of agreement involves the landowner hiring a farmer to manage and cultivate the land on their behalf. The farmer assumes full responsibility for all inputs, labor, and equipment, while the landowner receives a predetermined share of the crop proceeds. 3. Flexible Crop Share: In a flexible crop share agreement, the sharing ratio is determined based on the contribution of resources by each party. The landowner and farmer negotiate and agree upon a fair ratio that reflects their investment and effort in crop production. 4. Limited Risk Crop Share: This type of agreement is suitable for situations where the landowner wishes to minimize their exposure to production risks. The landowner receives a predetermined share of the crop without sharing in the expenses or risks associated with farming operations. 5. Variable Crop Share: Variable crop share agreements allow the sharing ratio to fluctuate based on the yields or profitability of the crops. This can be an incentive for the farmer to achieve higher yields while also offering the landowner a potential increase in their share of the crop when prices are more favorable. Virginia Farm Lease or Rental — Crop Share agreements play a crucial role in facilitating agricultural production and providing opportunities for landowners and farmers alike. These agreements can vary in terms of their specifics, depending on the needs and preferences of the parties involved, and aim to create a mutually beneficial relationship that supports sustainable farming practices and economic viability.
Virginia Farm Lease or Rental - Crop Share
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NC farmland rental rates can vary widely from $30 to $285 per acre for cropland, with most pastureland rent from $15 to $50 per acre. In some situations, landowners may offer a no-cost lease to farmers who agree to keep the land in production.
The traditional share arrangement for a grain crop like corn or wheat is one-third to the landowner and two-thirds to the tenant. Usually, the expenses paid, and crop received, are equal to the share i.e. the landowner would pay one-third of the expenses and receive one-third of the crop.
The 7% increase in this category was the largest since 2014. Virginia cropland values came in ahead of the national average, increasing over 2% from $4,680 per acre in 2020 to $4,790 in 2021. Virginia's real estate value also was higher than the national average at $4,700 per acre, up 1.7% from 2020.
Crop-share arrangements refer to a method of leasing crop land where the production (crop) is shared between the landowner and the operator. Other income items, such as government payments and crop residue, are also often shared as are some of the production expenses.
The national cash rental rate for an acre of farmland is $140 a year, while in Virginia it currently averages $59.
Virginia Farm Facts Virginia has 43,225 farms. The typical Virginia farmer is 58.5 years old. The average farm size is 181 acres. Farms cover 7.8 million acres.
The national cash rental rate for an acre of farmland is $140 a year, while in Virginia it currently averages $59.
Sharecropping is a legal arrangement with regard to agricultural land in which a landowner allows a tenant to use the land in return for a share of the crops produced on that land.
With a crop-share lease, the landlord receives a share of the crops produced in exchange for the use of the land by the tenant. The amount of the share typically depends on local custom. The landlord usually agrees to pay a portion of the input costs under a crop-share lease.
Most farmers find that a combination of both ownership and leasing is desirable, especially when capital is limited. For many new farmers, especially in areas where land is quite expensive, leasing land is often the best option.