|
Tractor Talk Discussion Board |
How about free?
[ Expand ] [ View Follow Ups ] [ Post Followup ] [ Return to Forum ]
Posted by Indydirtfarmer on August 14, 2003 at 04:42:55 from (152.163.252.71):
Yesterday, I was approached by an attorney, representing an elderly woman that owns 40 acres near our farm. She is trying to keep her ag status intact. The ground was in crops for as long as I can remember.
What he is proposing, is for me to turn the acrage into a hayfield. The expence of getting it established would be split. They pay for seed, I furnish the labor and machinery. At that point, it is mine to bale. BUT. they want $1000 a year for the "rights" to the hay. The woman is 88 years old, and the whole thing is "out the window" when she passes away. The land will be sold by her heirs.
They want to fertilize, plow, disk, and seed. Based on the rates I charge for custom work, I would be in to the project for around $1200. Add $1000 for the "yearly rights" and it gets expensive. Then, factor in the possibility that this could be a one or two year deal. (Who knows, she might live forever)
Has anyone ever got into a "deal" like this. It sounds risky, but I have a good market for good hay. It is up to me as to what kind we plant. This is all being done so that she can maintain her ag status. With a phone call, I found out that this would save her about $4000 a year in property taxes alone. I think they should absorb more of the cost. (Maybe the fuel cost for prep, and planting?)
They have also made the offer to let me grow soybeans/corn on the ground for $100 an acre per year. The going rate in this area is as high as $115 per acre. I,m leaning toward this. They prefer the hay arraingment.
I'm undecided as to what I would like. Let's hear some thoughts.
Follow Ups:
Home
| Forums
Today's Featured Article -
Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
Copyright © 1997-2025 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V. Yesterday's Tractors - Antique Tractor HeadquartersWebsite Accessibility Policy |
|
