Posted 12/7/2017 09:31 (#6412174 - in reply to #6411964) Subject: RE: Anyone have examples of language needed for drainage work on Farm?
East Central Ia
Something that long term will need to be adjustable in my opinion. We often use the Iowa State University rental survey as a base for these types of things. If the average rent for our county changes more then $5-10/ac we adjust the rent, if not it stays the same.
You can agree on what percentage of that rate the rent actually is. This just gives a way to follow the market on a long term lease.