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| <i>“The annual rental payment is $150 per acre, but in the event that
average corn yield for the county exceeds 170 bushels and/or the average cash
price at the local elevator for the months of September, October, and November
exceeds $3 per bushel, the rent per acre shall be $175 per acre.” This lease would
be considered a cash lease because the bonus payment is not tied to a specific
yield on the farm nor the price received for that specific production. </i>.
That lease would be nuts. | |
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