Posted by MarkB_MI on April 09, 2014 at 23:59:15 from (75.198.28.161):
In Reply to: BTO question posted by Kyle in Ky on April 09, 2014 at 19:56:34:
I will speak from my firsthand experience with cash renting farmland in Colorado to what I would consider big time operators. In both cases they did an excellent job of taking care of the land using modern no-till "chemical fallow" farming practices, leaving it in better condition than my brother had previously left it. It was in their best interests to do so in order to maximize their yields. That's not to say they didn't try to shaft me in other ways. For example one got me to cut the rent in half the first year of the lease because the land would be fallow that year (standard practice with dryland on the High Plains), then proceeded to raise a crop knowing I lived out of state and might not find out.
Two recommendations: Check them out with their other tenants. Do NOT sign a lease granting them a right of first refusal if you choose to sell the land.
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