FarmRent

Illinois owner tools

Six ungated tools — compare lease styles, check a rent ceiling, size tile ROI, see owner net-return, review educational 1031 timing, and check an illustrative crop-insurance floor.

Free planning tools · not a lease, bid, or advice

Illustrative planning defaults — not a survey

Farming the ground?

Optional. Used for the cash-rent estimate and county page links.

Flexible lease & bonus

Compare cash, crop-share, variable %, and fixed-plus-bonus on the same ground — landowner net first, tenant net for planning.

Illustrative planning defaults — not a survey

Crop
Lease style
Share cost mode

Tenant-side listed inputs

Optional. Blank counts as 0.

Crop income level where bonus starts

Enter yield and price to compare leases.

How this works
Crop income ≈ price × yield. Each mode sets how that income (and, where the mode allows, listed inputs) split between landowner and tenant. Variable % v1: farmer pays listed crop inputs. Change any input to move nets. Illustrative defaults — not a survey. Not advice.

Rent ceiling

Is this cash-rent bid sustainable for the farmer — planning view for owners and heirs.

Illustrative planning defaults — not a survey

Crop

Blank counts as 0. Must be 0 or more.

Bid or asking cash rent you’re weighing

Enter yield and price to check the rent ceiling.

How this works
Max sustainable rent ≈ (price × yield) − crop inputs − profit target − other fixed (if on). Farmer net after proposed ≈ gross − inputs − proposed rent − other fixed (if on). Same family as farmer break-even when fixed costs are off. Illustrative defaults — not a survey.

Tile / drainage ROI

Does tiling pencil on your assumptions — owner share of cost, optional yield response, rough payback. Not a contractor bid.

Illustrative planning defaults — not a survey

Enter a local agronomist estimate — we do not invent bu/acre. Cost-only mode OK.

Rent ceiling

Your share of installed cost

Planning notes only

Need acres and cost. Yield response optional (cost-only mode OK).

How this works
Capex total ≈ acres × cost per acre. Owner share ≈ capex × owner cost-share %. Simple annualized cost ≈ owner capex ÷ useful life. If you enter yield response and crop price: illustrative gross $/acre/year ≈ response × price; rough payback ≈ owner capex ÷ (gross × acres). Yield response blank = cost-only mode. Illustrative defaults — not a survey. Not a bid.

Owner net-return & legacy

Cash rent vs holding costs — optional land value for an illustrative cash yield %, plus a short legacy checklist. Planning only.

Illustrative planning defaults — not a survey

Enter your own assumed value — we do not invent comps.

Optional. Labeled assumption.

Need acres. Rent may be 0 (zeros show with planning trust). Land value blank hides yield % and appreciation.

Legacy checklist (educational)

  1. Review the lease — terms, renewal, and who pays what
  2. Confirm insurance coverage on land and improvements
  3. Update succession / will with counsel
  4. Talk to tax and estate counsel before major decisions

Educational only — not legal, tax, or estate advice. No tax figures here.

How this works
Cash net $/acre ≈ cash rent − property tax − insurance/maint − other owner costs. Cash net $/year ≈ cash net × acres. If you enter land value: illustrative cash yield % ≈ (cash net ÷ value) × 100 — not advice. Appreciation strip uses only the % you enter (assumption-labeled). Legacy checklist is educational — talk to counsel. Illustrative defaults — not a survey.

1031 timeline (educational)

Reverse and improvement exchange timing concepts — identify in 45 days, exchange in 180. Not advice.

Not legal or tax advice. Talk to a Qualified Intermediary (QI) and tax counsel before any exchange.

Optional — shows identify-by and exchange-by dates

Static educational timeline below — add a sale/close date only if you want identify-by and exchange-by dates.

  1. Sale / closeRelinquished property closes (your start date if entered).
  2. Identify — 45 daysIdentify replacement property within 45 calendar days (IRS exchange timing concepts).
  3. Exchange — 180 daysComplete the exchange within 180 calendar days (IRS exchange timing concepts).

IRS exchange timing concepts — 45-day identification and 180-day exchange windows. Confirm current rules with counsel.

Qualified Intermediary (QI)
Independent party who holds exchange funds and paperwork so you do not take constructive receipt.
Exchange Accommodation Titleholder (EAT)
Holds title in reverse / improvement structures so parking and build-out can fit exchange rules — with counsel.
Reverse exchange
Replacement property is acquired before (or as) the old property sells — structured with an EAT and QI; talk to counsel.
Improvement exchange
Exchange includes eligible improvements on the replacement property within the exchange window — counsel + QI required.

Eligible improvement concepts (educational)

  1. Permanent buildings
  2. Drainage
  3. Irrigation
  4. Land-leveling
  5. Grain bins

Educational concepts only — eligibility depends on your facts and current rules. No fee quotes. Confirm with a QI and tax counsel. Not FarmRent advice.

How this works
Enter an optional sale/close date. We add 45 calendar days for identify-by and 180 calendar days for exchange-by — IRS exchange timing concepts, calendar math only. Roles and reverse vs improvement notes below are educational. Not advice.

Crop insurance floor

Illustrative revenue floor from RMA RP projected-price math vs your proposed cash rent — planning for owners. Not a quote.

Illustrative planning defaults — not a survey

Crop

Your approved APH or TA-APH

Illustrative default — not advice; edit to your election

Get from your agent, RMA Price Discovery, or RMA Cost Estimator. We never hardcode an official projected price.

Your agent quote or Cost Estimator printout — we do not invent premiums

Rent ceiling
Product

Pre-harvest floor uses projected price only unless you opt in.

User-entered only. No default add-on stack.

Need APH, coverage, projected price, and premium. Rent blank still shows the floor.

Not a quote. Confirm with your crop insurance agent.

Not a quote. This shows an illustrative crop-insurance revenue floor using documented USDA RMA Revenue Protection math and your inputs (APH/yield, coverage, projected price, premium). It is not an official RMA, Approved Insurance Provider (AIP), or insurance-agent quote. Actual guarantees and premiums depend on approved yields, price elections, unit structure, practice, endorsements, and county actuarial rates. Harvest-price increases (RP) are not included in the default pre-harvest floor unless you opt in. Confirm with a licensed crop insurance agent.

Planning only — illustrative RMA RP math + your inputs. Not an official RMA, AIP, or agent quote.

USDA RMA RP math · farmdoc / Extension education (projected-price floor). USDA RMA · farmdoc

How this works
Yield guarantee ≈ APH × coverage %. Projected-price floor ≈ yield guarantee × projected price you enter. Net floor ≈ floor − premium you enter. Rent % and headroom compare your proposed cash rent to those floors. Harvest-price upside is off by default. Premium is always yours — we do not invent RMA rates. Illustrative defaults — not a survey. Not a quote.