The family farm is dying out. More and more farms are being leased and run by tenant operators. There are many different types of farm leases, but the most common forms of leases are cash rent, crop share and custom farming contracts.
A cash rent lease can be either fixed or flexible. Under a crop share lease, the farm owner receives a share of the crop instead of a cash rent payment. In a custom farming arrangement, the land owner receives the crop and pays the operator a fixed amount for performing all the services and providing the labor and equipment required.
Farm land can also be leased for operations other than traditional agricultural purposes, such as wind farms, sports fields, campgrounds, and recreational use.