Tempting...

[Oliver88]

LOL......that's funny farmaholic.

That guy might need a deputy to get new "scoops" on rent being paid and yields.

[freewheat]

Then there is the coffee row pot stirrer who always tells it like it isn't, just to start rumors and rile people. Or the guy who one-ups; more yeild, sold for more, paid less, got more money....you know the type. At a local row....there is a guy they call the Minister of Knowledge, he's actually my neighbor. They are taking applications for a Deputy Minister.....

LOL

I need to do more digging on this, but the source was reputable. If I got 75 bucks, it would cover my payments, give us a reasonable living, and still leave us three quarters of land suitable for sheep pasture and hay still. So I would become a full time shepherd. Sell the tractor, drill, combine, and have a real nice bunch of haying and livestock machinery.

My question is, what drives people? To pay 75 bucks? To grab up all they can? What am I missing here? I use a dull pencil maybe? I get my seed grower neighbor. He is in a different boat altogether. But the general farming community, in this area whacked by weather for ten or eleven years? I dunno. A lot of old money kicking around, but to pee it away on rent?

lol

[hobbyfrmr]

I am always surprised at how some farmers know about everything going on with other farms. Who has heated canola, who blew out a differential on the semi, who was driving the semi. Whos wife got a job, who is renting out, who bought 6 combines at Ritchie Auction. Who is planting, who is spraying, which tire fell off the water wagon and the fact that it took 3 -20 ton jacks to get everything back together. Its like a full time job just keeping up with every detail of everyone else's operation plus doing their own work.

If $75.00/acre is the real price , half up front and a contract with a notary public witness should be good with a reputable renter. I am just adding to your internal struggle, but I run this math once a year as well. $10.00 /acre land taxes , leaves you with $65.00/acre. After taxes probably $45.00/acre. 1000 acres = $45,000. Thats $3750.00 per month to take the time to sort things out. You may be able to use that time and search out marketing opportunities with your other ventures.
I have seen so many other ventures (eventually) make more $/acre than grain farming but we are strangely addicted to it.
You could also transition to organic farming, but that does not always fit a farmers values.

[oldjim]

Be careful, know who you're dealing with. One guy I know went for the Broadacre deal because they were paying more than his existing renter. Didn't end well. Lots of stories about guys receiving the spring half of the rent, fall half never materialized.

[sk_wheatking]

Why is it that these guys that break rental contracts by not paying the tenant not sued in court. In any other business they would be forced to pay, along with legal fees if having to litigate for owed rent. Or am I missing something?

[oldjim]

Blood from a stone.

[farmaholic]

Where is the landlord on the creditor list? Would making them sign personal guarantees if it was a corporate tenant make it better?

Ever try getting blood from a stone?

[vvalk]

If you don't get paid from your tenant it's no ones fault but your own. There are lots of people looking to rent your land. Most landlords have been there for a generation or 3. If you don't know your tenant really well or going after the top dollar well it's your own risk

[BTO_farmalll]

Tell em' 80 and He kin Have er' All!!!!!!!

#PrayThyLordMySoul2Take

[Richard5]

Has anyone asked to see the most recent set of financial statements of the operator?

Work the numbers of the profit or loss back to a per acre analysis to see if the potential renter is making any money or has the strength in the balance sheet to pay you

I know no one would have done this but I always thought what a great idea. I would be very open to sharing my financials if I was interested in renting your land Freewheat