An interesting read ...

[furrowtickler]

One way we have rented land that works very well for both parties is a cash/crop share split.

cash at 5% of assessment $80,000 = $25/ac in April
then either crop share or cash value based on crop produced by Nov 1 at 10%.
$300/ac = $30
$500/ac = $50
*note - just a base example.
On a poor year you might be out $35-40/ac , on a good year you may pay $75/ac or more.
This gives cash for land tax early and reduces overall risk or crop failure or market collapse.
The landlord assumes some risk as well but if the tenant performs well with crop production and marketing the numbers are good for both with far less risk to the farmer. This also forces the farmer to take care of the dirt and have it produce well or he will be gone.

I like working off true assessment - that is the actual productive number for the land - not on precieved market values - If landlords want "market value" then they should sell the dirt and cash out IMO.
There are lots of ways to skin this cat but if your balls are big enough to sign very high cash rents then you should not leave the landlord hanging because your head gets deflated when markets and or weather change the game, unless you are lucky to have a forgiving landlord.

[farmaholic]

furrow, your arrangement requires a lot of trust on the Landlords part. Not all Producers may give the landlord what he had coming to him in the second part of your formula. Trust is key...

Cash is the most straightforward but leaves the risk with Producer.

As you said many ways to skin that cat.

[furrowtickler]

Your right the trust must be there , time proves it's self in these arangements . With some landlords this would be a night mare , better off straight cash based on productive value, or just walk away.