Form-of-the-Week: Purchase Agreement — Farm and Ranch — Form 158

Farm and Ranch — Form 158" width="1280" height="640" />

Farm and ranch: purchase agreement

Realty Publications, Inc. (RPI) publishes a wide selection of purchase agreements which cater to different types of property sales and situations, such as one-to-four residential units, short sales and commercial property acquisitions. [See RPI Forms 150-159]

RPI’s Purchase Agreement — Farm and Ranch was developed to specifically meet the needs of detailed farm and ranch real estate sales transactions in California. [See RPI Form 158]

Such farm and ranch transactions include but are not limited to:

• agricultural farms;
• poultry and dairy farms;
• livestock ranches; and
• vineyards.

The form is designed with buyers, sellers, agricultural lenders, escrow officers and appraisers in mind. [See RPI Form 158]

The farm and ranch purchase agreement builds upon RPI’s series of specialized purchase agreements, incorporating an “improvements and accessories” section unique to farm and ranch transactions. [See RPI Form 158 §13]

The section permits the inclusion of separate items into the purchase price, including:

• farm and ranch improvements, such as fences and barns;
• farm and ranch accessories, including game feeders, irrigation equipment and portable buildings;
• livestock;
• crops; and
• crop production records.