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Re: OT Crazy Cash Rents


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Posted by JT on March 08, 2008 at 17:28:07 from (70.226.209.165):

In Reply to: Re: OT Crazy Cash Rents posted by IaGary on March 08, 2008 at 11:07:28:

Gary,
don't under stand the units thing, my dad used to be in the fertilizer and chemical business and he said he put 200# of NH3 per acre, so that would equate to $70.00 an acre, plus the other fertilizers, Phosphate, potash and lime every 4 years, he said that would add about $80.00 an acre. The farmers around my area are making money, but the ones that say they are loosing money are, as you put it, are in the wrong line of work. There just are, as you know, a lot of variables involved. you hear farmers say they are loosing money, then you have John Q Public saying the farmers are a rich bunch of people. It is just like any other business, it takes proper management. But as this topic started with, $400.00 an acre just makes it a little tight if you have low moisture and prices drop or you farm 1000 acres and loose a few hundred to someone willing to pay $400.00 per acre to take it from you. The main reason I ask you about this is I know from seeing your posts you have been farming a long time, my dad has been out of it for a while except for his small amount he owns. I was just curious how things pencil out, hearing what he says, it is almost impossible. But you can not make $100.00 per acre on a few hundred acres and make a decent living on the farm. I guess that is where you hear the go big or go home. :>) You just satisfied my curiosity more than anything. Hope I did not make you mad with all these questions.
Jim


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