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Tractor Talk Discussion Board

Re: I have a farmer question....


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Posted by ss55 on March 12, 2015 at 22:57:58 from (173.28.18.88):

In Reply to: I have a farmer question.... posted by Txturbo on March 12, 2015 at 03:47:29:

The realtor/sales agent should be able to get you a copy of the lease with the names blacked out. The agent should also be able to tell you what is normal for your area and what to expect.

Every lease can be different. Many leases have a provision that if the lease is terminated early, the tenant must be repaid for for tillage and fertilizer applied for the next year's crop. With a years advance notice, I would not expect the current tenant to do anything beyond harvesting his crops.

Worst case could be a very wet harvest leaving deeply rutted and compacted fields with much of the nitrogen leached out.

Every purchase agreement can also be different. You can try to write in provisions that you will be compensated if fields are left in poor condition. In a hot market the seller probably won't agree. You may be best off with an inspection clause, where you can back out of the agreement if needed. The buyer writes the purchase offer, work with your lawyer on this.

Keep in mind that realtor and sales agents are generally most interested in closing a deal as smoothly as possible to collect their commissions. They are not there to look out for you best interest nor the best interest of the seller.


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