The article presents a model that looks at how farmers choose different types of land contracts. Unlike previous studies, this model considers that the type of contract can vary a lot among farms and regions. By using strategic bargaining theory, the model shows that the type and terms of the contract depend on the characteristics of the parties and their economic environment. The bargaining process is influenced by competitive pressure, where farmers can look for other partners if they are not satisfied. This means that the outcome of the negotiation is not only based on the farmers' characteristics but also on external events and information. The model does not assume fixed prices and shows that the type and terms of the contract are shaped by the bargaining power of the farmers.