Renting land, how and why?

[farmaholic]

Bittersweet.... On the other hand, I could only afford to expand a little bit by buying land. Renting land allows me to make a living without having to pay today's exorbitant land prices.

Can't argue with that. It is cheaper to rent land than buy it now. But I guess my mantra is why make it worth "their" while to own it? But I do have a bit of a soft spot for a farmer who is using his land rental to fund his retirement.

[bigzee]

I won’t be renting anymore land in two years when my leases are up. I have enough owned land to make a good living. Going to put money into my own and improve it for my well being. Putting $$$ into others land to have someone else farm it is just a waste. At the end of the margins are minuscule and to keep spinning tires for someone else is pointless IMO.
I want to start enjoying things I’ve worked so hard for. I wouldn’t rent for cheaper $$$ if someone asked me. I still have to do the work and that takes time away from other things I want to do.

[blackpowder]

I agree. I think there is a number of younger people who will look at renting a little differently someday soon.

[GALAXIE500]

Good morning to all , and for the guys who aren't done their havest , I am crossing my fingers for some warm fall weather for you guys/gals.

Here is my take on this subject:

I am surrounded by three types of neighbors in my area. 1) the neighbor who is a lifelong friend of mine and would help me in a heartbeat no matter what / and likewise for me. 2) the neighbor who has expanded their farming operation by renting land in my area because their was no opportunity in his area 10 miles away. they are good neighbors also , who have been farming this rented land for over 2 decades, and made the land better than the owner ever did. number 3)The neighbor who has done whatever they had to do to either acquire land , rent land , pasture ,etc. using sneaky tactics to expand the operation. THIS neighbor has went behind the backs of both #1 and # 2, and myself, trying to barter/ screw them over suckholing to the landlords trying to get that land as well. They haven't had much success, and now land in our area is selling for $325,000+ per quarter and the leverage is declining , and they aren't not liking it.
I am 49 years old and my son is 12. We have a 2200 acre mixed farm operation , 850 useable farm acres , and the rest is in pasture and hay. 10 years from now (or sooner?) will be the deciding factor when we continue , or sell /rent and the wife and I take on the next phase of our lives. One of these neighbors is going to get his ass handed to him financially by me , because everything I have ties into everything they have. Sooner or later , ****ing with people to get ahead will come back to haunt you , and I am looking forward to that day. The old saying "you pay the price when you don't act nice" applies. Sorry , but being used like a pawn on a chessboard is not fun anymore.

[bucket]

Galaxie500

On an extension to that story is the fact that the conservatives and saskparty have been taking the farm vote for granted....time for them to get a ****ing as well....

Just read an article about the value of the GTH.....there isn't any unless you are paid at unload....