Many individuals or institutions that own land are looking for someone to exploit it to get a return on their investments and maintain their productivity. Land ownership can also provide inflation protection by upgrading property values over time. Many landowners are former landowners who have retired and wish to keep their investments in the country for reasons of security, old age income, deferral of income and sentimental reasons. Some flex agreements offer a fixed price per bushel, multiplied by the average yield of maize for this field. (Example of maize: 1 times the average yield, i.e. 150 bushels per hectare, produces a cash rent of 150 $US per hectare.) This relieves the landowner of the risk of marketing and production and links the rental price to the production capacity of each field, which is good for the tenant. To prepare the terms of the 2021 cash rent decision, take a look at the harvest budget for Illinois, from the U of I`s Farm Doc Daily of August 11: The four most common types of rental contracts used in Iowa are fixed cash leasing, flexible cash leasing, harvest leaseback and custom agricultural contract. The terms and conditions of these leases are described below. These assumptions result in a yield of 224 $US per hectare. We are forecasting that continuing a cash rent of $275 per hectare in 2021 would result in a loss of $51 per hectare for the farmer. It is clear that in the absence of reduced cash rents or other costs, $51 per hectare or more is needed to encourage farmers to obtain yields of $0 per hectare.

Provide Reports Tenants can borrow a technique from professional agricultural managers who regularly make written reports available to their clients. It is obvious that a report on a crop lease-share is more important than a barleasing. It may be advantageous for a tenant with a barleasing to develop a form of abbreviated reporting, especially for landowners who have a strong interest in the productivity of the business. Sending photos to a landowner who is not close enough to regularly observe harvesting conditions is a very effective means of communication. Digital camera photos or video files can be easily transmitted via email, or images can be printed and mailed. Some tenants set up password-protected websites or only invite websites for individual owners to provide information such as soil maps, fertilizer tests and performance data.