I was only offering a possible suggestion for those who are in the unfortunate situation of not seeding this year or previous years and are worried about not being able to seed in 2011.
In your immediate area all the neighbors are in the same situation, nothing seeded, no crop and no cash reserves. Land prices will not be supported by local area farmers and land rents will not be high from locals either. I do think that there will be people who WILL RENT YOUR FARM and pay you cash up front and take on the risk of getting a crop in 2011.
I think that there are lots of big risk takers who have deep pockets and will try to grow a crop in 2011 on these wetter fields. Most of them are probably from out of your local affected area and could absorb a loss if the risk/reward ratio is good enough. If wheat goes to $8, canola $12, peas $8,etc. there is incentive for the risk takers to try renting wet fields.
The advantage to some of you may be the sure cash rent(possibly with a bonus if the gross income exceeds amount x), vs the risk of not seeding a crop in 2011.
Some of the potential renters could also be thinking of buying land in the area. It is very easy to say NOBOBY WILL RENT THIS LAND, but until you get a block of 5-20,000 acres assembled and ADVERTISE it heavily outside of the affected wet area, how will you know if it could be rented.
A lot of opinions on here that it will be too wet in 2011 for much of a crop, so I was just trying to throw out ideas for those that losing hope.
Pars, I am not thinking of big international players to rent this land. They are more of a long term thing. I think there are some of local farms/feedlot owners who will jump at the chance to rent more ground if grain prices are good. A lot of these operations already own farms in multiple locations and have a lot of machinery and labor at their disposal.
In your immediate area all the neighbors are in the same situation, nothing seeded, no crop and no cash reserves. Land prices will not be supported by local area farmers and land rents will not be high from locals either. I do think that there will be people who WILL RENT YOUR FARM and pay you cash up front and take on the risk of getting a crop in 2011.
I think that there are lots of big risk takers who have deep pockets and will try to grow a crop in 2011 on these wetter fields. Most of them are probably from out of your local affected area and could absorb a loss if the risk/reward ratio is good enough. If wheat goes to $8, canola $12, peas $8,etc. there is incentive for the risk takers to try renting wet fields.
The advantage to some of you may be the sure cash rent(possibly with a bonus if the gross income exceeds amount x), vs the risk of not seeding a crop in 2011.
Some of the potential renters could also be thinking of buying land in the area. It is very easy to say NOBOBY WILL RENT THIS LAND, but until you get a block of 5-20,000 acres assembled and ADVERTISE it heavily outside of the affected wet area, how will you know if it could be rented.
A lot of opinions on here that it will be too wet in 2011 for much of a crop, so I was just trying to throw out ideas for those that losing hope.
Pars, I am not thinking of big international players to rent this land. They are more of a long term thing. I think there are some of local farms/feedlot owners who will jump at the chance to rent more ground if grain prices are good. A lot of these operations already own farms in multiple locations and have a lot of machinery and labor at their disposal.
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