This Agricultural Land Lease Agreement (the “Agreement”) sets out the complete terms under which the Lessor leases the described parcel of farmland to the Lessee for crop production — the term, the per-acre rent, the deposit, and how the land will be worked, conserved, and returned in good tilth.
Approximately 40 acres of tillable cropland known as the Eastfield Parcel, lying in the Northeast Quarter of Section 22, Township 8 South, Range 2 West, Willamette Meridian, Marion County, Oregon, with County Road 12 frontage along the north line. Existing improvements: one drilled irrigation well with pump, a perimeter field fence, and a 24-ft pole barn at the southwest corner.
The Lessor leases to the Lessee the Parcel described on the first page — approximately 40 acres of tillable cropland off County Road 12, Marion County, Oregon, bearing APN 09-2231-004. The Parcel is leased solely for agricultural use — the cultivation of row crops and forage and the rotational grazing of livestock — together with the ordinary on-site activities that farming requires. No residential dwelling may be placed or occupied on the Parcel, and no commercial dumping, mining, or non-agricultural enterprise is permitted without the Lessor’s prior written consent.
This Agreement begins on March 1, 2026 and ends on February 28, 2029, a fixed term of three (3) crop years. The Lessor delivers the Parcel with the well, fence, and barn in their present working condition and with clear field access on the start date. If the Lessee remains in possession after the term with the Lessor’s consent, the tenancy continues year-to-year on these same terms until either party gives written notice at least 90 days before the end of a crop year.
Rent is $185 per tillable acre per crop year, being $7,400.00 annually on 40 acres. Rent is paid in two installments — at planting and after harvest — by check or bank transfer to the Lessor. A payment is late after a ten (10) day grace period, and a late charge of $75.00 then applies; a partial payment does not waive any remaining balance.
The Lessee delivers a $3,700.00 performance deposit at signing, held by the Lessor against unpaid rent, unrepaired damage to the well, fence, or barn, and any failure to leave the Parcel in good tilth. The deposit may not be applied by the Lessee toward a rent installment. Within 45 days of surrender, the Lessor returns the deposit, less an itemized statement of any lawful deductions, where required with interest.
The Lessee farms the Parcel in accordance with good husbandry and sound conservation practice, keeping the soil in as good a condition as received, fair use excepted:
Responsibility for the Parcel’s fixed improvements is divided as follows:
No permanent structure may be built without the Lessor’s prior written consent; any such improvement reverts to the Lessor at the end of the term unless the parties agree otherwise in writing.
The Lessor pays the real property taxes and any special assessments levied against the Parcel and keeps the structures insured against loss. The Lessee pays for its own crops, equipment, and stored inputs, and carries farm liability insurance of at least $1,000,000 per occurrence naming the Lessor as an additional insured, with a certificate furnished before possession. Each party bears responsibility for loss or injury arising from its own use of the Parcel, as allowed by applicable law.
The Lessor may enter the Parcel at reasonable times to inspect its condition, show it, or protect it, after giving the Lessee at least 48 hours’ notice except in a genuine emergency. If rent is unpaid or a term is broken and not cured within the time allowed by law after written notice, the Lessor may pursue the remedies available under applicable law, including recovery of unpaid rent, reasonable costs, and possession of the Parcel. The Lessor must likewise keep the well and structures in working condition; if a required repair is not made after written notice, the Lessee may pursue the remedies the law provides.
At the end of the term this Agreement may renew by written agreement, or continue year-to-year if both parties allow it, with 90 days’ written notice required to end a year-to-year tenancy. The Lessee is entitled to harvest and remove crops planted before the term ends and to enter for that purpose for a reasonable period after surrender. On surrender, the Lessee returns the Parcel in good tilth and as clean and well-drained as received, with all temporary improvements removed and the ground left ready for the next crop.
This Agreement is the entire understanding between the parties and replaces any prior promise. If a clause is found unenforceable, the rest stays in force. It is governed by the laws of the State of Oregon. Notices are given in writing to the addresses on the first page. This Agreement may be signed in counterparts and electronic signatures are valid; the Lessor’s failure to enforce a term once is not a waiver of it later. Any change must be in writing and signed by both parties.
Executed as of February 12, 2026. By signing below, the Lessor and the Lessee agree to every term of this Agreement and confirm they have read it in full, walked the Parcel together, and received a complete copy.
May the Eastfield ground crop well for these three years — worked with care, returned in good tilth, and kept for the seasons that follow.