Posted by NY 986 on November 12, 2013 at 15:01:12 from (67.142.182.24):
In Reply to: land rent options posted by Nick m on November 12, 2013 at 14:42:42:
If you are lucky the landlord will agree to a deal where there is some sharing of risk and reward. A rebate if yields or prices fail to meet expectations and a bonus if things exceed expectation. Flexible rent is done but sometimes there are additional terms in terms of all rent due up front, fertility clauses, and insurance on the farm operation to cover liability. Nearly all landlords here seem to want top dollar with no compromise for a bad crop year or market decline. I suspect a fair number take a hefty part of the rent under the table so it is near impossible to tell how competitive a rent offer is until it is too late.
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Today's Featured Article - Uncle Cecil's Super A Lives Again - by Mike Purcell. A week or so out of most of my childhood summers was often spent with my Uncle Cecil and Aunt Sissie in the small East Texas town of Maydelle on their 80 acre farm. Some of my fondest memories of these visits are those of learning to drive a tractor at the helm of Uncle Cecil’s 1948 Farmall Super A. Uncle Cecil was the second owner of this wonderful little tractor, but it was almost as though he had adopted an infant. The original owner was a man from Minnesota who bought her from a local dea
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