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Re: How much per acre can....
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Posted by georgeky on August 06, 2007 at 21:01:51 from (205.188.117.74):
In Reply to: Re: How much per acre can.... posted by James22 on August 06, 2007 at 20:25:42:
James my main point is that I have rented land in the past and made a little money on it. I also agreed to pay more rent when crop prices were up. When crop prices declined again almost none of my landlords were willing to readjust the rent to allow me to make anything. I am all for sharing in the profits by everyone envolved, but hardly any price difference in the crop from one year to the next is adjusted by anyone except the dirt farmer. Lots of landowners also either inherited land or paid for it some way other than farming it. There are exceptions to this. Just think about that 75 dollars per acre your tenant will or may clear. If he just looses 30 bushels to the acre his shot at a profit is gone. More and more all the time the farmers are expected to raise more for less. Next year corn may be back to 1.80 a bushel. Will you then lower your rent price to allow that guy to keep farming. Most will not. I leased a farm for a few years mainly for the tobacco base. After two years the government raised the tobacco quota by almost 50%. My landlord wanted twice the agreed amount for the lease to continue. I paid it and done OK. The next year they cut quota's by 30% he would not lower the lease any. The year after they cut quota's again by another 30% now there is less than there was to start with and he still wouldn't come back down on the price, so I had to let it go. Now the farm is overgrown in bushes and weeds.
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