Posted by Paul on April 10, 2014 at 10:32:09 from (70.197.193.76):
In Reply to: Re: BTO question posted by Kyle in Ky on April 10, 2014 at 09:52:53:
The numbers you say are real close to what I hear at the coffee shop for my area too. I don't rent land either way so I don't really know.
Myself I would stick with a more local fella that takes good care of his own ground, has a pretty good reputation in the local community, and ride an average rent with him. They tend to be around a long time, work conservatively, support the local ecconomy, and treat your land as their own land, in it for the long haul.income and stability for you.
Chasing the biggest rent kinda gets you a reputation as a land owner too, and over time you will get bit by someone with bad checks or mining the land as you say. Only has to happen once to erase all the 'big money' you can make from the high rent offers.
If you have been working on a share rent, then you shoulda been making a killing on your shares the past 5-6 years, that is typically the highest rent right now. Unless the land flooded or drought wiped out then you should have insurance on your portion to cover some income. With the high grain prices, this is the time to be a land owner renting on shares..... If it hasn't been working well for you, perhaps something is not right with your agreement.
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