Wow Loren. How nice of you. He can't get a crop in so kick him when he's down by taking the land away.
Your you're so very generous by forgiving the second half rent too. He's already paid for fertilizer last fall, paid half the rent, paid for insurance premiums and paid for spray and application costs. Maybe paid for soil tests too? In fact, the only cost he hasn't incurred yet was the corn seed and harvest fuel. But it sounds like that money will be spent on the fuel and seed to go yet for a radish cover crop AND he won't have a cash crop to put in the bin to pay for fixed overhead costs. His machinery payments, land costs, living expenses etc. still have to be paid. Maybe HE plans on planting winter wheat. And even if he was, he still won't have any income until next year other than the insurance check and that won't hardly cover the inputs, not the fixed costs.
Maybe the right thing to do would be to forgive the second half rent AND give him a second chance next year but I'll bet he'll man up and pay it anyway. A deal is a deal right?
You traded your interest and control for a guaranteed cash rent check so why not just let the guy do as he sees fit and hold up your end of the bargain by staying out of it.
If you want to second guess his decisions then you need to farm it yourself and just hire him to custom plant, spray and harvest on your say so and then you have the right to do all the worrying.
On a side note, I don't know what being a BTO or STO has anything to do with it. Right or wrong is right or wrong regardless if it's 16 acres or 1600 acres.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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