Posted by kyhayman on November 19, 2009 at 21:21:25 from (99.197.64.56):
In Reply to: Shares on row crop posted by Reid1650 on November 19, 2009 at 20:16:33:
I'd pass on the deal from either side. As someone looking to rent on shares a share lease is a binding contract for a set term. I'd want to be real sure that he has the authority to bind the owners to your lease. Somehow this doesnt smell right to me. Also, how will you pay your part to him and how do you know it gets credited correctly. He may be ok or you could be on the receiving end of having to pay him a share and then some time later being hit with a bill to pay the same share to the actual owners. Make sure if you do you are contracting with the farm, with him as the agent.
If I was him, honest, and was looking renting it out, I'd pass. No way Im giving anyone 70/30, especially if Im managing someone elses land and money. I might do 60/40 if I didnt have to pay the fertilizer bill but that would be top dollar.
I've also been the middle man before, on both sides of these kinds of deals so its kind of do as I say not as I've done. As someone who has leased and then subleased I made my money on the spreads but I always kept it to a cash rent deal. Tried to make at least 25% on a cash lease or, the few times I've done shares I've felt like I needed double that on average yields. When I dealt with a middle man, I made sure all payments went to the farm name. These deals have more ways to bite you than a bucket full of rattle snakes.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
... [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]
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.
