Current through September 17, 2024
Section 91-1-006 - Rental Agreement006.01 An owner of agricultural assets and/or beginning farmer must provide a copy of the rental agreement of at least three years signed and dated by the beginning farmer and the owner of agricultural assets which includes: 006.01A The names of the beginning farmer and owner of agricultural assets;006.01B Time frame of the rental agreement;006.01C The legal description of the rented land and/or the identifying information on all other rented assets;006.01D The method of rent payment and payment schedule; 006.01D(1) For cash rent, a statement of the cash rents to be paid and payment schedule each year of the rental agreement; or006.01D(2) For share rent agreements, utilize a method determined by the Board to establish a fair and reasonable cash equivalent of the dollar amounts of the owner's predetermined portion of the share rent agreement to be paid each year of the rental agreement.91 Neb. Admin. Code, ch. 1, § 006