Posted by Paul on January 16, 2013 at 19:03:13 from (66.44.133.112):
In Reply to: farming question posted by circleg on January 16, 2013 at 17:29:20:
Typically one side brings the land, the other side brings the equipment and labor, and the crop and variable expenses are split something like 60% to the renter, 40% to the land owner.
Since you are providing all the land, all the equipment, and half the labor....
Seems this wont divide up so well? The other person doesn't have anything invested in this, no risk. Can walk away any time.... That's a tough way to have a partnership.
How big a plot are we talking? If its 5 acres, not such a big deal. If this is 160 acres or something, it gets to be real money, real numbers, have to think about the risks then!
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