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EXHIBIT A
<br /> (Upon completion and execution by the parties,this document shall became a binding lease)
<br /> CASH RENT FARM LEASE
<br /> THIS LEASE is entered into by and between LANDOWNER, CITY OF DECATUR FARM by and through the
<br /> LANDOWNER'S AGENT,FIRST ILLINOIS AG GROUP,and TENANT,CRAIG HILL,5867 E.WASHINGTON ST.ROAD,
<br /> MAROA,II. 61756.
<br /> THE LANDOWNER leases to the Tenant,for agricultural purposes only,the following described real estate(hereinafter"premises"),
<br /> including the fixed improvements thereon:
<br /> The Northwest Quarter(NW 1/4)of the Northwest Quarter(NW 1/4)of Section Thirty-Six(36);and the North One-Half(N
<br /> 1/2)of the Northeast Quarter(NE 1/4)of Section Thirty-Six(36);all in Township Nineteen North(T19N),Range Three East
<br /> (R3E)of the 3rd P.M.,Creek Township,DeWitt County,Illinois,containing 120.0 acres,more or less,except the real estate
<br /> where the City of Decatur wells,pump houses,and water holding ponds are located on the above described property.
<br /> A)LENGTH OF TENURE: The term of this Lease shall begin on the latter of March 15,2021,or the date of signing of this Lease and
<br /> shall end the last day ofFebruary 2022,or after all the crops on the premises have been harvested,whichever occurs first. Landowner may
<br /> terminate this Lease without cause any time prior to March 15,2021 by giving Tenant five(5)days advance written notice. In the event
<br /> this Lease is terminated without cause by Landowner,the Tenant will be reimbursed for all farming operations completed at going custom
<br /> rates and crop inputs purchased providing Tenant furnishes Landowner an invoice and receipts or other supporting material for such
<br /> operations or purchases upon Landowner's request. This shall be Tenant's sole remedy in the event this Lease is terminated without cause.
<br /> R)RENT AND TE1 E OF PAYMENT: The tenant agrees to pay the landowner a base rent of$285.00 per acre on 106.21 tillable acres,
<br /> for a total of$30,269.85 on or before March 15,2021(the"due date"). If the Landowner has not received the base rent,in full,by the due
<br /> date,Landlord may terminate this Fane Lease and collect the unpaid rent,and Tenant shall immediately remit any farm program payments
<br /> received for the lease year to the Agent. In the event Landowner has not received the rent,in full,by the due date and Landowner
<br /> terminates lease,Landowner is not obligated to reimburse Tenant for farming operations or crop inputs purchased.
<br /> In addition to the base rent,the tenant shall pay the landowner a bonus rent on or before November 15,2021 based on production and
<br /> average market price,to be calculated using the following formula:
<br /> Bonus rent due=.4[(((bc x pe)+(bc2 x pc2))-745)ac+ (((bs x ps)+(bs2 x ps2))-5451 as]
<br /> be=the greater of(a)bushels of corn per acre of corn produced on the premises(up to 200.0 bushels per acre),or(b)80%of the Federal
<br /> Crop Insurance Corporation approved yield on the premises.If approved yield cannot be established,then 200.0 bushels per acre shall
<br /> be substituted for option b.
<br /> bc2=bushels of corn per acre over 200.0 produced on the premises.
<br /> pc= the greater of(a)the average Wednesday closing local bid for fall 2021 corn at Topflight Grain Cooperative in Bement,Illinois for
<br /> the period of March 2021 through October 2021 or(b)the premises county Farm Service Agency loan rate for corn.
<br /> pc2=fall cash bid of 2021 corn at Topflight Grain Cooperative in Bement,Illinois at the close on the last Wednesday October 2021.
<br /> ac= acres of corn planted on the premises according to the FSA-578.
<br /> bs= the greater of(a)bushels of soybeans per acre of soybeans produced on the premises(up to 70.0 bushels per acre),or(b)80%of the
<br /> Federal Crop Insurance Corporation approved yield on the premises.If approved yield cannot be established,then 65.0 bushels per
<br /> acre shall be substituted for option b.
<br /> bs2=bushels of soybeans per acre over 70.0 produced on the premises.
<br /> ps= the greater of(a)the average Wednesday closing local bid for fall 2021 soybeans at Topflight Grain Cooperative in Bement,Illinois
<br /> for the period of March 2021 through October 2021,or(b)the premises county Farm Service Agency loan rate for soybeans.
<br /> ps26 fall cash bid of 2021 soybeans at Topflight Grain Cooperative in Bement,Illinois on the last Wednesday of October 2021.
<br /> as= acres of soybeans planted on the premises according to the FSA-578.
<br /> Bonus rent due shall be reduced by a sum equivalent to 40%of the amount paid for post emergence fungicide and/or insecticide applied to
<br /> premises. Tenant to provide paid invoice for post-emergence fungicide and/or insecticide applied to premises.
<br /> Bonus rent shall be increased by a sum equivalent to 40%of Market Facilitation Program Payment or similar USDA Program Payment
<br /> enacted for this year on the premises.
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