You can still plant something on it, but you have to be fast if you want to harvest it. Alternatively you could plant grass/clove on it and the figure out what to do with the land afterwards.

However, if you want to do a “split profits” deal you have to make sure, that you dont take to much for yourself, because most farmers won’t do this if leasing it is actually cheaper. Also it might be hard to get someone to lease it for a single year and at this time most stuff is already planted which makes it even harder.