Posted by Frank 41 on March 23, 2014 at 14:08:29 from (50.122.85.21):
In Reply to: Cash rents???? posted by JD Seller on March 22, 2014 at 20:57:04:
What about the previous year when the new renters never put any dry fertilizer down, just nitrogen? Who is going to make this up? A lot of cash rent farms are getting mined. IL Family Farms rented a wet 160 close to me and paid $450. When they went broke , the owner wanted a neighbor to farm it but had no soil tests. Neighbor offered $300. A guy 60 mile SE of me rented it for $450.
I cash rent 20 acres of marginal ground from a friend for $250 but it is next to my own ground. With today's prices it is not bad but with lower prices it would be a premium. The best way is 50/50 and then the landlord is making much more than the tenant but it is more fair.
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