Factors Influencing the Adoption of Flexible Lease Arrangements in Iowa

Jingyi Tong, Michael Bootsma, Wendong Zhang and Wei Zhang

Journal of the ASFMRA, 2026, vol. 2026

Abstract: The number of cash lease agreements in Iowa has steadily increased over the past few decades, with fixed cash leases being the dominant form. However, flexible leases, particularly those tied to both crop price and yield, saw increased adoption post- 2002 and have maintained a steady market share since 2012. Using the Iowa Farmland Ownership and Tenure Survey (2002-2022), this study explores factors correlating with the adoption of flexible lease arrangements. Findings indicate that flexible leases are more prevalent in long-term, trust-based arrangements. Key factors include landowner age, farm visit frequency, and soil productivity, with variations observed based on landowners’ operating status, ownership structure, and geographic location.

Keywords: Agricultural Finance; Farm Management; Land Economics/Use (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:410250

DOI: 10.22004/ag.econ.410250

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