A share farming agreement is a legally binding contract that outlines the terms and conditions under which two parties, the landowner and the share farmer, agree to cultivate land together. The landowner provides the land, while the share farmer contributes labor and, in some cases, capital. The harvested crops are then shared between the parties according to a predetermined ratio.
To create a professional share farming agreement template, it is essential to consider the following key elements:
Crop Share Farm Lease Agreement – Fill Online, Printable, Fillable
Parties Involved
Landowner: The owner of the land who provides the property for cultivation.
Share Farmer: The individual who cultivates the land and contributes labor and, in some cases, capital.
Land Description
Legal Description: A precise description of the land, including its boundaries, acreage, and any relevant legal references.
Location: The specific location of the land, including the country, state, county, and city.
Soil Type: A description of the soil type, including its fertility, texture, and drainage characteristics.
Improvements: Any existing improvements on the land, such as buildings, fences, or irrigation systems.
Term of Agreement
Start Date: The date on which the agreement commences.
End Date: The date on which the agreement terminates.
Renewal Options: Any provisions for renewing the agreement after the initial term expires.
Land Use
Crops: The specific crops that will be cultivated on the land.
Crop Rotation: Any planned crop rotation practices to maintain soil health and prevent pest and disease problems.
Fertilizer and Pesticides: The use of fertilizers and pesticides, including the types and application methods.
Conservation Practices: Any conservation practices that will be implemented to protect the land and its resources.
Landowner’s Contributions: The landowner’s contributions to the agreement, such as providing the land, utilities, or equipment.
Share Farmer’s Contributions: The share farmer’s contributions to the agreement, such as providing labor, capital, or equipment.
Profit Sharing
Profit Sharing Ratio: The agreed-upon ratio in which the harvested crops or their proceeds will be divided between the landowner and the share farmer.
Harvesting Costs: The allocation of harvesting costs between the parties.
Marketing and Sales: The responsibility for marketing and selling the harvested crops, as well as the allocation of any associated expenses.
Insurance
Crop Insurance: The requirement for crop insurance to protect against losses due to natural disasters or other unforeseen events.
Liability Insurance: The requirement for liability insurance to protect against personal injury or property damage claims.
Dispute Resolution
Mediation: The agreement to use mediation as a first step in resolving any disputes that may arise.
Arbitration: The agreement to use arbitration as a final means of resolving disputes if mediation fails.
Force Majeure
Force Majeure Events: A list of events that may excuse a party from performing its obligations under the agreement, such as natural disasters, acts of war, or government regulations.
Assignment and Subletting
Assignment: The ability of a party to assign its rights and obligations under the agreement to another party.
Subletting: The ability of a party to sublet its interest in the land to another party.
Notices
Notices: The method by which notices will be given to the parties, such as by mail, email, or in person.
Entire Agreement
Entire Agreement: A statement that the agreement constitutes the entire understanding between the parties and supersedes any prior or contemporaneous communications.
Governing Law: The law that will govern the interpretation and enforcement of the agreement.
Signatures
Signatures: The signatures of both the landowner and the share farmer, along with the date of execution.
By carefully addressing these elements, you can create a comprehensive and professional share farming agreement template that provides a solid foundation for a successful partnership between the landowner and the share farmer.
