There are a lot of areas where there is a lot of risk in terms of getting a good crop out of the land. In other words 220 bushel corn and 60 bushel beans are anything but a "gimme.' I think the rule of thumb you are providing will be obsolete in a few years as production will overtake demand driving rental prices down. Landlords then will have the choice at that point to hold their breath till they turn blue or take the best bid regardless of return. Corn even at 220 bushels will not justify 300 dollar rent if the selling price per bushel is in the sub 3 dollar a bushel range. Change is coming and everybody will have to deal with it regardless of how prideful or arrogant anybody is. Economics is economics. It might be a whole new world starting next year if the Feds are done with grain subsidies including subsidized crop insurance which is the lynch pin for about 95 percent of the BTO's here. I expect a lot of land will come up for bid in the near future as these farmers simply will not be able to finance crop inputs for their current acreage.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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