Farm leases are a special creature with several unique requirements that don’t apply to other leases. This is particularly true in Iowa. A farm lease is a contract, but it is also a conveyance of a real property interest that transfer rights of possession and use. The extent of these rights, however, depends on the terms of the lease contract and on state law.
In 2010, the Iowa legislature adopted Iowa Code Section 562.5A, a statute bestowing ownership of any above-ground portion of a plant to farm tenants, unless the parties agreed to a different arrangement in writing. This includes corn-stalks, stover, or any other residue from the plant. The details of the Iowa crop residue law are examined in an earlier post.
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