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ps= the greater of(a)the average Wednesday closing local bid for fall 2025 soybeans at ADM Grain Niantic,Illinois for the period of
<br /> January 2025 through October 2025,or(b)the premises county Farm Service Agency loan rate for soybeans.
<br /> ps2=fall cash bid of 2025 soybeans at ADM Grain Niantic,Illinois on the last Wednesday of October 2025.
<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
<br /> to 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.
<br /> C)Tenant is required to plant a cover crop on all tillable acreage.
<br /> D) SOIL FERTILITY: Tenant shall apply and pay for,prior to planting this lease year, fertilizer as outlined on present lease year
<br /> crop map.A paid fertilizer receipt to be provided to Landowner.
<br /> E)LANDOWNER AGREES TO PAY THE FOLLOWING EXPENSES:
<br /> 1. Taxes on premises and improvements owned or held by Landowner.
<br /> 2. Materials the Landowner deems necessary for repairs and improvements on the above-described premises.
<br /> 3. Soil tests and limestone approved by Landowner.
<br /> F) LANDOWNER WILL NOT PAY FOR THE FOLLOWING: The Landowner shall not be obligated to pay for any fertilizer,
<br /> seed,chemicals, machinery,power or labor, except skilled labor required to make repairs or improvements as expressly approved by
<br /> Landowner.
<br /> G)TENANT SHALL HAVE THE FOLLOWING DliTIES IN OPERATING THE PREMISES:
<br /> 1. To cultivate the premises faithfully and in a timely,thorough and businesslike manner.
<br /> 2. To keep premises neat,and to prevent any unnecessary waste,damage,or soil erosion.
<br /> 3. Not to allow noxious weeds to go to seed on said premises,but to destroy same;to cut all weeds,sprouts and brush in fence rows,
<br /> drainage ditches,waterways;and on roads adjoining as often as needed each year without charge to the Landowner for labor.
<br /> 4. To keep open ditches, tile drains,tile outlets,grass waterways,and terraces in good repair. To preserve established watercourses
<br /> or ditches and to refrain from any operation that will injure them.
<br /> 5. Not to bum corn stalks,cobs,straw or other residue grown on the premises,nor to remove any hay,cobs or straw or other residue
<br /> except by agreement and only as permitted by law.
<br /> 6. To clip small grain stubble and to prevent noxious weeds from going to seed.
<br /> 7. Not to permit trampling of rotation fields by livestock and to prevent rooting by hogs.
<br /> 8. To follow such crop rotation, tillage practices, fertilizer programs, herbicide programs, insecticide programs, conservation
<br /> measures, and arrangements as are worked out with the Landowner or his Agent. Landowner is not liable for the cost of over
<br /> application of fertilizer,limestone,herbicide,and/or insecticide.
<br /> 9. To comply with pollution control and environmental protection requirements,and to implement soil erosion control practices.
<br /> 10. To use prudence and care in transporting,storing,handling,and applying all fertilizers,pesticides,herbicides,and other chemicals
<br /> and similar substances.To read and follow instructions on the labels for the use of such materials in order to avoid injury or damages
<br /> to persons or premises or both on the leased premises and adjoining areas. To comply with all applicable federal, state and local
<br /> statutes,regulations,rules and ordinances.
<br /> 11. Not to cut. bulldoze, damage or destroy (or permit any such damage or destruction) of trees without written permission of
<br /> Landowner.
<br /> 12. Not to permit, encourage,or invite other person or persons to use any part or all of the premises for any purpose or activity not
<br /> directly related to its use for agricultural production,including hunting.
<br /> 13. Not to either dispose of solid waste or permit others to dispose of solid waste on the premises.
<br /> 14. Not to store chemicals on the premises other than the current season. When chemicals or petroleum products are stored on the
<br /> premises,they will be only those planned to be used on the premises and they will be in closed,tight containers above ground and
<br /> clearly marked. No chemicals or chemical containers will be disposed of on the premises.
<br /> 15. To certify all acres planted and production harvested from the premises each year in compliance with the Government Program in
<br /> effect at that time as required by the Farm Service Agency and provides a copy of certification to Landowner.
<br /> 16. Roadside ditches will be mowed at least once after August 1 and once in September.
<br /> H)SPECIAL AGREEMENT: The tenant will not commit the Landowner to pay for repairs or improvements on the above-described
<br /> premises.
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