Farm tenancy arrangements in the USA

Abstract

United States farmers obtain operating control of 40 per cent of their farmland through some kind of rental arrangement. The most significant tenure category is that of the part-owners who own part of the land they farm, but rent the rest of it. They control more than 40 per cent of the total value of farm real estate. Share leasing is the most important type of rental arrangement. Share rents account, nationwide, for $2 out of every $3 rent paid to landlords. In general, the more productive the land and the higher the land value, the higher will be the portion of land under lease and the greater will be the use of share-rent leases.