Just to clarify rent in that $80 range:
There seems to be three general methods in my area.
1.- A straight cash rent. Money up front before the cropping year
2. 22 bushels of feed barley (no matter what crop is grown or yield) paid out on an agreed pricing date (usually Jan 1 after the fall harvest) Example this year: $3.75 X 22=$82.50
3. 1/3 of crop to landowner minus one third crop inputs(fert,seed &spray). Some marketing options available. For example: canola 55 bu X $12.85=$706.75 divided by 3 =$235.58 -1/3 expenses....or feed barley 100 bu X $3.75=$375-1/3 expenses.
....incidently I do the 1/3 thing with my cousin and it has worked out fairly well, probably better than the first 2 options....I can participate in 1/3 crop insurance...but I also take a risk in a falling market.
There seems to be three general methods in my area.
1.- A straight cash rent. Money up front before the cropping year
2. 22 bushels of feed barley (no matter what crop is grown or yield) paid out on an agreed pricing date (usually Jan 1 after the fall harvest) Example this year: $3.75 X 22=$82.50
3. 1/3 of crop to landowner minus one third crop inputs(fert,seed &spray). Some marketing options available. For example: canola 55 bu X $12.85=$706.75 divided by 3 =$235.58 -1/3 expenses....or feed barley 100 bu X $3.75=$375-1/3 expenses.
....incidently I do the 1/3 thing with my cousin and it has worked out fairly well, probably better than the first 2 options....I can participate in 1/3 crop insurance...but I also take a risk in a falling market.
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