Posted by Cas on March 23, 2014 at 18:18:14 from (74.67.149.3):
In Reply to: More on Cash Rents posted by Eldon (WA) on March 23, 2014 at 10:07:47:
A little feedback on the land rent situation is good. The yields you mention indicate a lot of variability. There is land down the road from me that is on its 3rd renter in 15 years. Hard to work ground. The rent is $50/acre. It is late, heavy ground. I rented it until we stopped milking cows. It is a hundred acre field. The only reason it rents now is because the farmer renting it is a dairy farmer and needs it for CAFO rules(need 1 acre per each cow). It also gives him a little more land to spread his manure. Also, with cows you can almost always have something for a crop(usually corn or hay silage). With this kind of land, it is hard to figure a fair rent. A lot of the comments remind of and old saying. It is a lot easier to figure fair rent when you farm with a pencil instead of a plow.
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