. Bulletin of the Department of Agriculture. Agriculture; Agriculture. iSV&*<&mfL BULLETIN No. 650 Office of the Secretary Contribution from the Office of Farm Management W. J. SPILLMAN, Chief. Washington, D. C. February 26, 1918 LEASE CONTRACTS USED IN RENTING FARMS ON SHARES. [A study of the distribution of investments, expenses, and income between landlord and tenant.] By E. V. Wilcox, Agriculturist. CONTENTS. Different systems 1 Length of lease period 3 Methods of sharing crops arid stock 4 Methods of sharing pasture 15 Contracts for clearing land 15 Ownership of
. Bulletin of the Department of Agriculture. Agriculture; Agriculture. iSV&*<&mfL BULLETIN No. 650 Office of the Secretary Contribution from the Office of Farm Management W. J. SPILLMAN, Chief. Washington, D. C. February 26, 1918 LEASE CONTRACTS USED IN RENTING FARMS ON SHARES. [A study of the distribution of investments, expenses, and income between landlord and tenant.] By E. V. Wilcox, Agriculturist. CONTENTS. Different systems 1 Length of lease period 3 Methods of sharing crops arid stock 4 Methods of sharing pasture 15 Contracts for clearing land 15 Ownership of equipment 15 Methods of sharing expenses 17 Une xhausted value of fertilizers 20 Repairs and improvements 21 Privileges and perquisites 21 Page Restrictions 22 Supervision by the landlord 22 Good husbandry 22 Advances to tenant 23 General systems of share leasing 23 Sample stock-share lease 24' Assumptions underlying lease contracts 28 Suggestions toward a rational lease 33 Status of the tenant 38 DIFFERENT SYSTEMS. About 37 per cent of the farms in the United States are operated by tenants under lease. Acute interest is being manifested by both landowners and tenants in the general features and special stipula- tions of lease contracts. Numerous inquiries are being made as to proper methods of sharing equipment, labor, and other expenses in- volved in farm operations, and as to the proper fractions to use in dividing proceeds. Practically all these questions are of an agricul- tural rather than a legal nature. It is a matter of much importance, therefore, to study lease contracts from a pure farm management standpoint. The wording of a lease is a comparatively simple prob- lem after the conditions essential to fairness have been agreed upon. Several methods of leasing are in use, as shown by an examination of leases in force. Farms may be rented for cash, either a stipulated 28624°—18—Bull. 650 1 1. Please note that these images are extracted from scanned page
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