All farms that are leased through Tillable will have rental payments processed by electronic fund transfers through the ACH (Automated Clearing House) system which is the standard of the United States banking system. Tillable will collect the necessary account information from you and your farmer and manage the process from start to finish.
A 5% security deposit will be collected from the farmer at the time of the signing of your lease. This amount will be transmitted to your account (less applicable Tillable fees ) and applied against the annual rental amount due. After the collection of the security deposit, the vast majority of Tillable customers collect the balance of the annual rent as a one time payment in the spring on or about March 1. We encourage March 1 collections as it eliminates collection risk. The platform does support split payments over the growing season should you desire to do so.