Posted by JDseller on August 27, 2010 at 21:51:56 from (208.126.196.117):
In Reply to: Mega farmers posted by flying belgian on August 26, 2010 at 21:28:24:
One of my neighbors rented her farm to one of the BTO three years ago. Between myself, my grand father and an Uncle we had farmed that farm for over forty years. Always mowed the ditches and kept the fences and gates in working order. Her "friends" at the beauty parlor told her we where taking advantage of her by not paying cash rent, we had been doing a fifty/fifty share crop. She came to us last week to see if we would be interested in taking it back. Told her if it was put back in the shape we left it yes. If as it is now, then no. What or why would we do that??? Well there is not a single gate or gate post left on the farm. The BTO had his combine dauled up so it is twenty feet wide without the header. All of the gates where 18". So he just would take the back tire of the combine and just back over the gate and post. So every single gate post is broke off at the ground and the gates have been drove over. Also we noticed that the last two years he just applied nitrogen to the corn ground, nothing else. The soybean ground got nothing the three years he farmed it. I sent some soil test out. The fertility we built up and maintained is gone. So we are going to offer her cash rent that is in line with what it is worth now. She will have to pay to have the gates and fences fixed. We usually pasture cattle on the stalks after harvest. What did this teach us??? All of our ground is now under multi years contracts. If we apply lime or anything else that has a multi years use benefit the the contract has a buy out provision. We do pay ALL cash rents on April 1st. We only have about three share crop farms left. Which is a shame as they get a higher return if you look at the long term picture. But cash rent is king now. Have several land owners feeling us out for more ground as it seems that those "BIG" cash rents some how never got all paid.
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