Many landowners purchase farms with a return on investment as one of their objectives. Some choose to grow crops or run livestock themselves, but the majority often cash rent the acreage to a local farmer. Benefits to leasing your land for farming include:
Lease agreements range from annual to multi-year contracts, flexible cash rent, and sharecropping. Each has advantages and disadvantages. You can find publications showing different types of lease agreements and sample lease agreements on the MU Extension website.
MU Extension also employs farm management specialists who can advise and help you prepare contracts. To find the specialist for your area, contact your local county MU Extension office.