U.S. USDA Form usda-fsa-1940-55
Position 1
This form is available electronically.
FSA-1940-55
Form Approved - OMB No. 0560-0162 U.S. DEPARTMENT OF AGRICULTURE Farm Service Agency
(06-06-02)
LIVESTOCK-SHARE FARM LEASE
(See Page 7 for Privacy Act and Public Burden Statements.)
THIS LEASE is entered into this (1) ____________________________________ day of (2) _____________________________, (3) 20______
between (4) _____________________________________________________________, landlord, of (5) ___________________________________
(Address of Landlord)
_____________________________________________________ and (6) _________________________________________________________,
tenant, of (7) ___________________________________________________________________________________________________________
(Address of Tenant)
A. PROPERTY RIGHTS. The landlord hereby leases to the tenant, to occupy and use for agricultural and related purposes, the following
described property, hereinafter referred to as the "farm," located in (8) ____________________________________________ County,
State of (9) _________________________________, and commonly known as the (10) _______________________________________ farm.
Supplementary information: (11) __________________________________________________________________________________________
_____________________________________________________________________________________________________________________
_____________________________________________________________________________________________________________________
_____________________________________________________________________________________________________________________
and consisting of (12) ___________________ acres, more or less, together with all buildings and improvements thereon, and all rights thereto except
as specified below:
1. Right of entry. The landlord reserves, the right to use the following farm at any reasonable time for purposes (a) of consultation with the
tenant; (b) of making repairs, improvements, and inspections; (c) of developing mineral resources; and (d) after notice of termination of the lease is
given, of plowing, seeding, fertilizing, and such customary seasonal work, none of which is to interfere with the tenant in carrying out regular farm
operations. This right is also reserved to the landlord's agents employees and assigns.
2. No right to sublease. The landlord does not convey to the tenant the right to lease or sublet any part of the farm or to assign the lease to any
person or persons whomsoever.
3. Transfer of farm. If the landlord should sell or otherwise transfer title to the farm, such sale or transfer will be subject to the provisions of this
lease.
4. Heirs and successors. The terms of this lease shall be binding upon the heirs, executors, administrators, and successors of both landlord and tenant in like manner as upon the original parties. However, in event the lease is for more than one year, the heirs or successors of either party shall have the option to give written notice of termination effective at the end of the lease year in which death occurs.
5. Right to lease. The landlord has the right to lease the farm, and so warrants to the tenant. Further the landlord will defend the tenant's
possession against any and all persons whomsoever.
6. Rent additional land. The tenant will not, unless written consent of the landlord is obtained first, farm more than (13 ) ____________ acres
of additional land and will not enter into any other business, occupation, or sideline.
7. Additional agreements regarding property rights:
(14)___________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age,
disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative
means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a
complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or
call (202) 720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.
FSA-1940-55 (06-06-02)
Page 2 of 7
B. LAND USE AND LIVESTOCK PRODUCTION
1. Land use. The agreed-upon use of the land is outlined in the following table:
(15)
USE OF LAND
(16)
ACRES
(17)
FIELDS
(18)
SEED VARIETY
(19)
KIND OF SEED
(20)
AMOUNT OF FERTILIZER PER ACRE
FOR FAMILY LIVING
WOODLAND
FARMSTEAD AND LOTS
TOTALS (21)
2. Livestock production. The tenant may engage in the following production of livestock:
(22)
KIND OF LIVESTOCK
(23)
NUMBER
(24)
BREED
(25)
SHARE OWNED
BY LANDLORD
(26)
SPECIAL HEALTH, SANITATION, OR FEEDING
PRACTICES
%
%
%
%
%
3. Acres and numbers. The acres of crops and the fields on which grown and numbers of livestock shown above are those planned for the
first year of this lease. They may be adjusted within the year or from year to year by mutual agreement.
4. Crop and livestock adjustments. If it is impracticable in any year, from causes beyond the tenant's control, to grow the crops and to keep
within the number of livestock according to the plan shown, appropriate adjustments will be made by mutual agreement between the two parties.
5. Restriction on livestock. Neither the owner nor the tenant shall bring livestock that is not covered by this agreement on the farm during the
period of the lease without express permission of the other party.
6. Home use. The tenant and landlord may take for home use the following kinds and quantities of jointly owned crops, livestock and/or
livestock products:
(27) ________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
7. Buying and selling. The tenant shall consult with the landlord regarding time, price, sales agency, and similar matters regarding the purchase
and sale of livestock, feed, and crops whenever the transaction exceeds (28) $_______________________ in value.
Additional agreements are as follows:
(29) _________________________________________________________________________________________________________________
_____________________________________________________________________________________________________________________
_____________________________________________________________________________________________________________________