farm management, agriculture economics department
Cooperative Extension Service, South Dakota State College of Agriculture and Mechanic Arts
Prices and costs are so uncertain that many farm leases, particularly those requiring the payment of cash, should be revised before March first, according to specialists in land economics of the United States Department of Agriculture. In a review of the situation by the Office of Farm Management and Farm Economics it is pointed out that we may not have seen the last of radical price changes, such as lead to unexpected losses or gains to landlord, tenant, or both when bound by inflexible cash features in their lease contract. The more widespread instances in which the lease is inflexible are found where the rent is a fixed number of dollars an acre. (See more in text).
Kumlien, W.F., "Take the Gamble Out of Farm Leases" (1924). SDSU Extension Circulars. 214.