Posted by donjr on June 29, 2012 at 09:40:50 from (71.248.93.53):
In Reply to: Renting Farm Land posted by greenmachineman on June 29, 2012 at 07:42:22:
Rents are all over here in Maryland, and it varies with the end use of the product and what both parties agree to. I am a beef producer, and I do not pay the amount the grain producer does for an acre. My average rents are around $75 and acre, and it varies with the "bells and whistles" on the farm. There are several places the rent is free, but I have to keep the place trimmed and mowed on non workable acreage. Several places are a low, older and long term rent, and again I do extra work around the farm to keep it neat. If erosion controls are needed, I do them. If trees need trimmed, again, I do them. The BFO's in the area generally pay more rent, but they do little or nothing for the farm. If a ditch gets bigger, they just farm around it and adjust their rent down some. If a tree comes down, it lays there. If the old orchard needs mowed, the owner does it. There are many ways to establish a rent. Mine is much sweat equity. You know your current renter, and there's a good chance he will work with you. Don't be greedy and he may just be more accomodating than you may believe. He will probably know the rents in the area and be willing to work on something you can both live with.
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