Description
This contract is a five‑year revenue‑generating farm lease of approximately 455 acres on the Iroquois County State Fish & Wildlife Area. The State leases the land to a private operator who will conduct agricultural production, maintain the land in accordance with conservation practices, and submit detailed annual reports on chemical, seed, and yield use. The lease terms require the lessee to provide all labor, equipment, seed, fertilizer, insurance, and to comply with Illinois environmental and wildlife‑management regulations, including restrictions on neonicotinoid‑treated seed, dicamba, and fall tillage. Payments are made via an irrevocable Letter of Credit or pre‑payment, with annual lease‑payment schedules and mandatory tax‑hold payments.
• Lease acreage by year: 2027 – 83.30 ac, 2028 – 90.20 ac, 2029 – 97.34 ac, 2030 – 93.10 ac, 2031 – 93.64 ac.
• Annual lease value to State (estimated): ~$45,800 total; vendor’s projected revenue ~$336,700.
• Required deliverables: Equipment List (Attachment G), chemical/fertilizer/seed logs (Attachments E‑F), annual soil‑testing reports, insurance certificates, and compliance with Integrated Pest Management and cover‑crop programs.