Renting land, how and why?

[hobbyfrmr]

Agree with Farmaholic.
I make a lot of sarcasm about the entire industry but, roll back 15-20 years ago and my “BTO” neighbors were saying yes to fair market land purchase prices and rent values and hiring the ladlords to run decent equipment. At that time everybody else was offering extreme low purchase and rent, trying to figure it out or looking to exit the ag industry.
Now, the land they said “yes” to buy, got paid and has tripled in market value. This gives them exceptional leveraging power to strategically pay high rent properties they intend to make a block.
I do not always agree with their farming practices but I have to say that the “middle to big” farming neighbors around here had the courage to buy and rent land then risk inputs, human resources to grow a crop to pay for their decisions. I do not begrude the neighbors It looks like they are doing well and, if financially solid, they are taking another bite......because they can... they have earned it.
Don’ t forget that localized weather affects all farms in the area. Some farmers have a different view, the end game to all this tom****erry is farmland ownership. Some farmers have grown exponentially some have not. Its all about risk tolerance. Consolidation happens in business all the time amd ag is not immune.

[the big wheel]

Agree with Farmaholic.
I make a lot of sarcasm about the entire industry but, roll back 15-20 years ago and my “BTO” neighbors were saying yes to fair market land purchase prices and rent values and hiring the ladlords to run decent equipment. At that time everybody else was offering extreme low purchase and rent, trying to figure it out or looking to exit the ag industry.
Now, the land they said “yes” to buy, got paid and has tripled in market value. This gives them exceptional leveraging power to strategically pay high rent properties they intend to make a block.
I do not always agree with their farming practices but I have to say that the “middle to big” farming neighbors around here had the courage to buy and rent land then risk inputs, human resources to grow a crop to pay for their decisions. I do not begrude the neighbors It looks like they are doing well and, if financially solid, they are taking another bite......because they can... they have earned it.
Don’ t forget that localized weather affects all farms in the area. Some farmers have a different view, the end game to all this tom****erry is farmland ownership. Some farmers have grown exponentially some have not. Its all about risk tolerance. Consolidation happens in business all the time amd ag is not immune.

And a lot around here are simply crooks or were and now probably play it straight as you say have enough equity to probably ride it out some doing good some shitty farmers.

Let's see now. Played like trump
Had no idea of good business sense wanted to be big shots so paid way too much for everything then couldn't pay but were too big no one else wanted it so got write offs they won the lottery. The honest people got screwed. Thank you lending companies banks and Canada's farm lender.

Others were Input dealers screwed everyone on prices and interest while guys were going broke they always had the inside track on who Lenders etc were closing on. Land got sold no one even knew about it until spring rolled around. One I heard had a customer on the ropes the farmer screws crop
Insurance gives grain to the input guy collects crop insurance until they catch on but don't know where the grain went. Farmer gets kicked out and was going to get charged but meets with political high ups ministers in fact. In the mean time dealer puts land under his contract and collects insurance because weather was bad. Uses that money to pay farmers bill then the politicians kick in and farmer reinstated with crop insurance with a big apology and not only that gets a million payout for damages so wow gets payed more than triple what he would have got from staying in crop insurance. Now struts around like the big smart farmer.

Then there were the agri stability gangs multiple farms moving grain around on paper and expenses collecting in a rotation

Then there is rhe oil patch money buying for a write off land and farmers farming it acting like they're doing so well but it's not their money.

100 an acre rent will continue because there still exists idiots who want to play the game and have money to gamble with

And last but not least there are the honest ahmucks that invested back all they had and had no bad weather at the right time and yes had a few quarters or more given by grandpa but good for them made it work.

I m sure many of you know of how some got big it wasn't usually by the crop they grew or didn't but by many other factors.
Any fool can farm with someone else's money earned or stolen.

[jazz]

Well, no little guy or even mid level operator around here will ever be able to rent land. Only jacked up BTOs with numbered combines get those gigs. Or else you know the neighbor for like 50 yrs or something.

Then there are the guys that sneak around in the winter whispering in widows ears to steal a quarter here or there.

Its all so dirty.

I bought as much as I could handle, probably more than I should have, and its made way more money than growing crops. And now the BTOs are circling me looking for small timers to swallow.

[jamesb]

We have rented lots over the years and ended up buying most of what we had rented when the owner , usually a retired farmer finally decided it was time to sell. Do the math , don't overpay. There is a lot of guys out there pay unsustainably high rent that has a good chance of not working out.

[bucket]

Well, no little guy or even mid level operator around here will ever be able to rent land. Only jacked up BTOs with numbered combines get those gigs. Or else you know the neighbor for like 50 yrs or something.

Then there are the guys that sneak around in the winter whispering in widows ears to steal a quarter here or there.

Its all so dirty.

I bought as much as I could handle, probably more than I should have, and its made way more money than growing crops. And now the BTOs are circling me looking for small timers to swallow.

We can't be too far away from each other.....same thing here...

My neighbor says guys my size are dinosaurs ...we are done ....just haven't realized it yet....

[farmaholic]

We can't be too far away from each other.....same thing here...

My neighbor says guys my size are dinosaurs ...we are done ....just haven't realized it yet....

....well then, I'm still swimming in the primordial ooze!!!

[MBgrower]

AlbertaFarmer5, u asked how to keep in the loop for land rental? well u need to be like my neigbours, get the municipal township maps, find out who owns what, identify small operators, old owners, etc, then track them down. u call them visit them at least every two months, and pester them about the land. each time u visit them u increase your rental rate by 5/acre. I own most of what i farm, but i do have some nice rental land that ive had for 20 plus years, and i have a couple asshole neighbours that are always after it. its a real shitshow , lots of greed in these parts.

[Sheepwheat]

AlbertaFarmer5, u asked how to keep in the loop for land rental? well u need to be like my neigbours, get the municipal township maps, find out who owns what, identify small operators, old owners, etc, then track them down. u call them visit them at least every two months, and pester them about the land. each time u visit them u increase your rental rate by 5/acre. I own most of what i farm, but i do have some nice rental land that ive had for 20 plus years, and i have a couple asshole neighbours that are always after it. its a real shitshow , lots of greed in these parts.

Accurate post. Generally, if you want in the game that badly, you need to be one of those types. Death beds are not too late. But for goodness sakes, always offer ten or twenty per cent more than the highest offer they have had. Then you can be successful and big.

Land and more money, and more iron. All that matters in life. I would suggest finding out anyone who has cancer, dementia, or has small older equipment. Those are the types who are for sure quitting, it is obvious. Get out there after them. And if you hear that someone has let go of some land, make sure to talk to their other landlords, and let them know their renter is shutting down, or can’t pay. Lie if you need to. It is simply cutting edge business. One of the most effective things to do, is to spread lies about the small guys. Make sure land owners know they cant handle more, that they struggle to pay, that you heard they are quitting. Strategic elevator visits, hospital visits and on farm visits are needed. Be strong. Offer more. Knock on doors. Lie. Doctor the truth.

Then you will be successful, and get more of the things that make you more of of a man. Land, machinery.

It is all that matters. Get out there!

Do not be generous towards those in need. Do not sponsor children in other countries, and for sure do not share your fortune with less fortunate. That is just stupid, and is not what matters in life.

[furrowtickler]

Accurate post. Generally, if you want in the game that badly, you need to be one of those types. Death beds are not too late. But for goodness sakes, always offer ten or twenty per cent more than the highest offer they have had. Then you can be successful and big.

Land and more money, and more iron. All that matters in life. I would suggest finding out anyone who has cancer, dementia, or has small older equipment. Those are the types who are for sure quitting, it is obvious. Get out there after them. And if you hear that someone has let go of some land, make sure to talk to their other landlords, and let them know their renter is shutting down, or can’t pay. Lie if you need to. It is simply cutting edge business. One of the most effective things to do, is to spread lies about the small guys. Make sure land owners know they cant handle more, that they struggle to pay, that you heard they are quitting. Strategic elevator visits, hospital visits and on farm visits are needed. Be strong. Offer more. Knock on doors. Lie. Doctor the truth.

Then you will be successful, and get more of the things that make you more of of a man. Land, machinery.

It is all that matters. Get out there!

Do not be generous towards those in need. Do not sponsor children in other countries, and for sure do not share your fortune with less fortunate. That is just stupid, and is not what matters in life.

Well unfortunately you both are quite accurate. Some will even go out of their way not to support local fellow family farms and buy from other parts of the province for fear of the illusion that the neighbors getting ahead . It’s quite sad actually. But ego and greed drives a lot of human nature. Seems to sort itself out though over time .

[ajl]

Another strategy is to offer big rent and then don't pay. Guy got to farm land for one year around here and then abandoned it in year 2 paying not on dime in rent over the 2 year deal. Heard it from the land owner himself so not hearsay.