Lease Agreement For Farms Of New Mexico Page 2
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5Option C. Cash Rent
Tenant, for and in consideration of this lease as rent, agrees to pay the total sum of $__________. Cash rent will be
paid at (p1ace)______________________ and as follows: Payable in ________________ (Monthly)(Yearly)
payments in the sum of $_______________ commencing on ________________________, 20___.
IV. Farm operation
The necessary equipment shall be furnished and farm operating expenses divided between the landlord and tenant as follows:
Furnished by
Operating
Proportionate Share
Equipment
Landlord
Tenant
Expenses
Landlord
Tenant
V. Conservation, irrigation and improved farming practices
A. Soil Conservation District Plan for Farm. The farm is covered in a cooperative agreement between the landlord
and the ______________________ Soil Conservation District, and the tenant agrees to operate the farm in
accordance with the complete soil conservation and land use prepared under the said cooperative agreement.
B. Conservation and/or other practices. Payments that can be earned by participation in U.S. Department of
Agriculture programs shall be carried out as follows:
Practice and
Contributions
Share of Government Payments
Extent
Landlord
Tenant
Landlord
Tenant
C. Other improved practices. Other improved farming practices that the landlord and tenant agree will be mutually
beneficial to both parties:
Practice and Extent
Contributions by Landlord
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Cooperative Extension Service • Circular 598
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