Tempting...

[oldjim]

Blood from a stone.

[farmaholic]

Where is the landlord on the creditor list? Would making them sign personal guarantees if it was a corporate tenant make it better?

Ever try getting blood from a stone?

[vvalk]

If you don't get paid from your tenant it's no ones fault but your own. There are lots of people looking to rent your land. Most landlords have been there for a generation or 3. If you don't know your tenant really well or going after the top dollar well it's your own risk

[BTO_farmalll]

Tell em' 80 and He kin Have er' All!!!!!!!

#PrayThyLordMySoul2Take

[Richard5]

Has anyone asked to see the most recent set of financial statements of the operator?

Work the numbers of the profit or loss back to a per acre analysis to see if the potential renter is making any money or has the strength in the balance sheet to pay you

I know no one would have done this but I always thought what a great idea. I would be very open to sharing my financials if I was interested in renting your land Freewheat

[Koldkanuck]

Why so cheap. We got some BTO's paying $100.00 per acre rent. I personally know a fellow who farms 3,500 acres, and he just could not refuse the big rent, rented her out. . Rumours also of 1 parcel of land rented for 110 . This same farmering outfit that paid this big rent, dropped about 900 acres of poor, sandier land and the owner had no problem getting $80.00 per acre.by another BTO. When you farm 30-40 thousand acres, use equipment off the lot, what the heck is the difference if pay 80 or pay 100.

[farmaholic]

R5, that is disclosing some pretty personal (corp or individual) info. I honestly see it's merit but myself would be reluctant, even if I'm rock solid that is private info.

How about a lien on security. Land. It might make sense on a 3-5 year term. In koldkanucks example, isn't 3500acres @ $100, or $350K, some how worth securing rental payment on?

Funny...rent an apartment, first and last month rent or damage deposits. But in farming landlords extend credit, sometimes for the whole amount until fall or semi annual payments. That is assuming a bit of risk. Maybe rent should be tiered, cheaper if paid all at once before the crop is seeded, more if semi annual and even more if only paid in fall after harvest and interest accruing on late payments.

[LEP]

The btos around here pay over a hundred an acre. They pay monthly rent on the big acres. That way you know pretty quickly if there is a problem.

Good luck getting security. You would have to get in line on that one. Likely wouldn't be worth much by the time they can't pay you.

[sumdumguy]

You are thinking Farmaholic. The other thing is that if cash rented out the whole kabutal, you are technically not a farmer. There goes the capital gains exemption and other write-offs. Correct me if I am wrong.

[farmaholic]

If the tenant wants to rent the dirt it should be his responsibility to ensure he can pay it. I doesnt matter if its 50 or 100 dollars/acre an agreement is an agreement.

I realize getting security could be quite difficult. Maybe the landlord needs to ask themselves, if the tenant has little equity is renting to him a risk he's willing to take.

Maybe FCC should finance the rent like they do inputs.

Just throwing unconventional ideas out there for discussion. And the only reason they're
unconventional is because landlords have done little to nothing to secure rental payments.

[farmaholic]

I think renting Corporate land out is even worse....it isn't active farming income and you lose your corporate tax rate....

R5 appears have a good handle on this stuff.... R5?

[GALAXIE500]

Good morning all. Just my 2 cents,I know of one farmer in my area (north of Maple Creek) who is cash renting his land to an "organic farmer" for $40 /acre. The renter should be put in jail for the mess he has created on this guys land. Poor yields, every weed in the book , a 3 year contract and now that the contract is up , who would want to take it on? Not that it means too much to me , but why are people so stupid?
By the way , 6 1/4s of land sold in our area for $ 275,000 per 1/4 ! Hutterite colony that bought the land also starting up a new colony in the area where I live . Not real Happy about that, but.......

[wmoebis]

Galaxie that's not a bad price. My Dr. just sold an 1/4 less 9 acre acreage so 151 acres for 1.4 Mil to a dairy farmer.

[newguy]

I think that is an amazing price.He did say north of Maple Creek not around a bunch of population.

[zeefarmer]

Lots of lentil money floating around. Heard of land around Hodgeville selling for $370,000. 2000 block of land just north of Morse rented for $97/ac. Half up front.