Posted by JD Seller on March 22, 2014 at 20:57:04 from (208.126.196.144):
My sons lost some cash rented ground in the last few years. Some of that ground they had been renting for years. They had taken good care of the ground and left it better than when they started on it.
Some high rollers started the $500 an acre rent bids and I told my sons to not get crazy and keep their eyes on the true profit of each acre. So they let the ground go.
Just recently several of those landlords have called them asking them to rent their ground again. It seems like the high roller's banks have clipped their wings back. Operating notes are smaller than they used to be able to get. So the April 1st payments are not going to happen.
I told them to meet the landlords but to not rent for much more than what they had been giving as the profitability is not any better than it was then. I also told them to get a multi year contract. This jumping around to the highest biding renter just is not worth it. You can't plan long term a year at a time on crop rotations and fertilization.
I have penciled out corn and beans with the high rents some are paying. Soybeans are always a loss and the corn with any yields under 180-190 BPA with $4.50 net corn (gross - drying and transportation)lose as well. An those numbers will be hard to hold as an average on many acres.
I am recommending that they be real careful on what they bid on rents.
Are you fellows seeing any backing off on the rents/costs?????
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
