Soy beans on rented ground

When a guy has an auction sale before his rent is up, what becomes of the crops? Have you guys ever heard of selling the crops at the auction? When the land owner has plans,is he expected to wait on the purchaser to harvest said crops, even though the original lessor is out of business? For how long?

(quoted from post at 21:33:21 01/18/13) When a guy has an auction sale before his rent is up, what becomes of the crops? Have you guys ever heard of selling the crops at the auction? When the land owner has plans,is he expected to wait on the purchaser to harvest said crops, even though the original lessor is out of business? For how long?

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The crops belong to the landowner if the lessee and the bank weren't signed off properly. The landowner is the ultimate owner.

Binderiod, Is this your land or your beans on leased land. Do the two of you have a lease in writing or just a hand shake. Either way what was the agreed to time period of the lease, till crops off or a set time period. Many variables. When I bought my farm original owner retained rights to crop on feilds after I took posession and had right to store on it on property till end of year, Dec 31. Took possesion in Sept. This was all writen up by lawyers and signed off on by each of us. Rocko.

march first is the day if it's a handshake lease. renter has possession till then. at least in NE.
the new farmer has the right to sow wheat but not after soybeans without previous tenants permission.

I would depend on what state the crop is in. Here in Iowa the crop would be the tenant's. The owner would have to give him written notice before the 1st of Sept. for the next crop year.

Plus just because the guy had a sale does not mean he can't hire some one to harvest "HIS" crop.

We need more details to really be able to give very good advice.

Your question is worded so as to to be taken many different ways, not sure what your question is?

If someone rents land for cash, it is his crop, his year, to raise his crop. The landowner only gets the rent, has nothing to do with the crop.

If the person renting the land goes belly up in the middle of the season, it's still his crop, and would go through the bankrupty proceedings. The landowner would still only get the cash rent agreed to, not the crop. This is why most cash rents get paid up front, before planting. If the land owner didn't get paid, then he gets to get in line with the rest of those whom are owed.

This gets very messy with a long term lease. If there is a 3 year lease on the land, and you are a 1/2 year into it when the renter goes bust, that entire lease becomes part of the bankruptsy process, and can be sold off by the courts as a valid asset. Who knows who will be running the mand the next 2 years.....

There should be more info showing up if you search for the Stamp Farms mess - someone in the running for Farmer of the Year filed for bankruptsy this November in the Michigan/ Illinois area. The thousands of acres he rented are now in a bit of a quandry.....

This is no different than when the farmer sells grain on a contract. If the elevator you contract to goes belly up, you _still_ need to deliver your grain to the elevator, even tho you won't get paid for it. You already agreed to the sale.... Likewise, with a land lease, the land owner agreed to it, and if something goes wrong, you are still tied to your sode of the bargin.

If your question was along an entireely different line, please re-ask it, with more explination.

--->Paul

renter has controll of the land within the period of the lease, March to March or whatever, new renter cannot do any tillage or baling of crop residue without the permission of the present renter, I would certainly hope no one has standing beans in January.