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Land rent

M

_Mark_

Member
My mom said she made 7300 rent on her 80 acres this year.The best she's done,her taxes where 1300.Her share varies yearly 3 to 5 thousand.She was happy.What do you guys think, the land's in Kansas.
 
Was getting about $100/acre before expenses (1/3 fert & 1/3 chemicals) in S Central KS. Should be able to make a lot more in states with more productive ground.
 
Your county extension office can probably tell you what the average rent per acre is. She might be able to get even more.
 
I get $250 per acre for my land in north-central Iowa (very good, rich, level land), paid twice a year -- March and October. I don't pay attention to yields because the rent stays the same.
 
If it is dry land farming in Kansas then the $100 an acre is not that bad. I would find out what the common cash rents are in the area. I have found that that varies wildly from one area to another. This can even be within the same county.
 
I assume that is a crop share rent? Assuming it is structured normal and no one is cheating, that can be the fairest rent for everyone all around. Both sides share in good and bad years, and can move forward to the next year with less stress.

Paul
 
100-250 a yr here in central Michigan.. Dutch Dairyman paying the 250. It won?t be long with milk prices where they?re at and he?s hiring all of it out. Planting, manure hauling, ground work and harvest. No one can figure it out.
 
(quoted from post at 18:06:41 04/09/18) I assume that is a crop share rent? Assuming it is structured normal and no one is cheating, that can be the fairest rent for everyone all around. Both sides share in good and bad years, and can move forward to the next year with less stress.

Paul
Click to expand...

I really can't see how that's fair Paul. IF I own the land and you want to use it why should I have any risks at all? That isn't how it works on any other type of property rent. Heck if I rent it as hunting land I don't get less or nothing if the tenant fails to bag anything. Don't get me wrong. If a landlord wants crop share that's up to them.

We had an old widow woman here a few years back who insisted on crop share. Mostly cause she would then try to tell the tenant exactly how to farm and what to plant.

Rick
 
oldtanker the other side of the coin is if your not taking any risk then why should you get more rent if the crop price doubled in value????? Share crop arrangements where the most common form of renting land until about 30 years ago. This dated back to the middle ages when the Lord/King got a percentage of the crop.

When I started farming in the mid 1970s the common split was 25% to the land owner for corn/wheat and 1/3 to the landowner for soybeans.
 
What part of Kansas is the farm in?What crops are grown and what are the yields?Cash rent in Kansas can vary from $50 to $200 per acre..What % share rent does she get?What does farm ground sell for in her area?

In my area of Missouri crop share rent went away over 40 years ago....There was just too much cheating and poor farming that went on....Right now its almost 100% cash rent....The rates range from $75 to $125 per acre for ground that sells for $2,500-4,000 per acre..This is for ground that raises 50-70 bushel wheat,120-150 bushel corn, and 30-40 bushel soybeans on a 10 year average....Taxes are about $5 per acre..In other parts of Missouri where the soil is better and it rains more rent can be $150-200 per acre...
 
(quoted from post at 20:58:28 04/09/18) oldtanker the other side of the coin is if your not taking any risk then why should you get more rent if the crop price doubled in value????? Share crop arrangements where the most common form of renting land until about 30 years ago. This dated back to the middle ages when the Lord/King got a percentage of the crop.

When I started farming in the mid 1970s the common split was 25% to the land owner for corn/wheat and 1/3 to the landowner for soybeans.
Click to expand...

JD I completely agree. If you rent a store front that I own out it's at a set rate. Doesn't matter how big or small the profit is it's a set price for rent. Same thing with a farm field. The landlord has no right to a bonus because prices were good. If the agreement was 100 an acre that's what is paid. Now the next year the landlord may consider raising rents or at the end of a lease. The renter can always walk away.

Doesn't really matter what happened in the middle ages. That was then and this is now. Today the land owner can go either way. If I were to rent my land out I would demand cash rent. Take a little less than what could be made but insulated for poor markets, drought and other occurrences.

Rick
 
(quoted from post at 18:06:41 04/09/18) I assume that is a crop share rent? Assuming it is structured normal and no one is cheating, that can be the fairest rent for everyone all around. Both sides share in good and bad years, and can move forward to the next year with less stress.

Paul
Click to expand...

I did shares on mine, but felt I was getting the short end of the stick when my brother cut corn for silage. He would cut his 2/3rds from the good side of the field, combine my share...went to cash rent, less stress. He got the 'family' rate of $55 an acre. The land value has doubled since we settled on that rate, time for an increase!
 
I did some checking for Montana recently. About $10 for pasture, $26 non-irrigated cropland and $95 for irrigated cropland per acre.
 
NE KS crops corn and soybeans.Land valued 360,000.Its based on how good the crop is.Some years she gets 4 to 5 thousand.This guy farms all my uncles ground. Was just wondering how this compares to others.
 
(quoted from post at 18:24:14 04/10/18) NE KS crops corn and soybeans.Land valued 360,000.Its based on how good the crop is.Some years she gets 4 to 5 thousand.This guy farms all my uncles ground. Was just wondering how this compares to others.
Click to expand...

They were just talking about this on US Farm Report last week...they were saying 4-5% of land value for rent.
 
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