- 3 -
retire from daily farming and entered into a written farm
agreement (the 1987 farm agreement) with two of their sons,
Richard F. Bot and Bennett Bot (hereinafter referred to as the
sons). This agreement was renewed orally each year. The 1987
farm agreement required the sons to operate petitioners’ farm “in
a good and husband-like manner, and according to the usual course
of husbandry” and required petitioners to compensate the sons by
paying them with a “one-half part or share of all grains,
vegetables, corn, soy beans and other crops so raised and secured
upon said farm”.
The 1987 farm agreement required petitioners to pay for half
of the costs of seed, fertilizer, and weed sprays and to provide
land and machinery for the farming operation. The 1987 farm
agreement also gave petitioners the option of making major
repairs to or replacing equipment, when necessary, but did not
require them to do so. The 1987 farm agreement required the sons
to pay for half of the costs of seed, fertilizer, and weed
sprays; to furnish all labor and pay all operating costs; to haul
and deliver crops for petitioners; and to keep petitioners’ farm
implements in good repair. Under the 1987 farm agreement,
petitioners and the sons were supposed to divide all Government
program aid equally.
The arrangement between petitioners and the sons during 1994
and 1995 followed the basic parameters of the 1987 farm agreement
but was broader. Under the arrangement in effect for 1994 and
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011