Re: Renting farm ground troubles

Posted by JD Seller on October 08, 2013 at 21:13:37 from (208.126.196.144):

In Reply to: Renting farm ground troubles posted by Jacarlson260 on October 08, 2013 at 18:55:04:

Do they teach economics in that college??? You would be much better off waiting a while to rent ground in most places today. The next 12-24 months are going to be losers for cash grain farming. The prices are swinging back while the inputs/rents are still high. The rents for next year here are higher than last year. The guys are just going to make a little around me with high yields. The rents many are getting/giving are locking in a loss for next year.

Here is another issue. Lets just say $400/acre rent (that is the mid rent here right now) So a fellow has 100 acres to rent you. Can you borrow the rent and input costs while in school???? You are talking $40,000 just for the rent. Then another $40,000 for the rest of your inputs. Can you swing $80,000 right now????

This is how I would be looking at you as a renter right now.

So I would just spread the word you are looking for some ground to rent but put a realistic cap on the rent you can pay. Then be prepared to wait a while to get some ground to rent.

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