Posted by K Effective on February 15, 2017 at 13:20:24 from (162.235.236.141):
In Reply to: City living posted by Fatjay on February 15, 2017 at 10:43:10:
Here in SW MI, small parcels may rent for $80-100 per acre per year. I farm from five neighbors, very small plots of 3,3,4,4 and 6 acres- too small even for the neighbors who farm part-time to mess with. Four of the spots are side by side, so the fields are actually 6 and ten acres total. I don't pay any rent at all, they are just satisfied keeping the fields clear. I bale grass hay from the fields, but am very wary of doing any more than the minimum, from experience. IF they want more, like tillage or fertilizer, or something else, I would want some kind of guarantee lease to get my money back from their land.
The neighbor next over has about 17 acres open ground, was farmed by the BTO, but I heard this Winter they gave it up- could no longer get their equipment into the field without major tree surgery the owner was not interested in. A clear, 10 acre field would be farmed for sure around here. I'm not sure what the taxes would be on non-homestead, 100% ag land without a house, isn't NY some of the highest taxes in the US?
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