Posted by Banditfarmer on March 23, 2014 at 10:36:14 from (65.27.225.54):
In Reply to: Cash rents???? posted by JD Seller on March 22, 2014 at 20:57:04:
I have been helping my dads next door neighbor cense her husband died last year. He had been letting a guy farm it on 1/2s for many years and she didn't want to do this any more, Just wanted to cash rent it. Yesterday I stopped by to talk with her about this a guy pulled in and said he had herd the ground might be up for rent and wanted to make a cash offer to rent it. She told him to talk to me about it and I said whats the offer?
$35 an acre because its marginal ground. WHAT! Are you kidding me? Nope! That's all it worth. I said I gave $35 an acre 30 years ago and this aint marginal ground as it made 46 bu an acre beans last year and it was an off year at that. I told him we will be taking bids on the ground and it starts at $125 an acre and we already have 6 bids for it over that price. Who ever farms it will take care of the ground (fert and lime) keep the weeds mowed around to fields and keep the drive ways up (gravel) for simi trucks and take care of any trees that fall in the fields (long story on this issue). I told him if he wanted to put a real bid in (in righting) it would be considered. He left!
I don't think this is to out of line as this is normal around here to rent ground this way. The cheapest ground I have herd of is $85 an acre to $300 an acre. Right now its over $200 bid on the place for 80 acres. Around us we are loosing farms to housing so there is less ground to farm every year, So the market sets the price on farmable ground and who is willing to pay for it. Bandit
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