Not Every Farmer Has A Bad Attitude ... JB

[grassfarmer]

The guy sounds pretty smart to me - advertising "willing to pay over market" will have people coming to him offering land that wouldn't come forward if he had advertised for "cheap land wanted to rent". Maybe he's paying $1/acre over market price - pretty smart if he can get the pick of the best for a dollar an acre!

[farmaholic]

Last time I tried to argue with the market, it didn't listen.

...."the market knows", but does it know everything!

[jazz]

The guy sounds pretty smart to me - advertising "willing to pay over market" will have people coming to him offering land that wouldn't come forward if he had advertised for "cheap land wanted to rent". Maybe he's paying $1/acre over market price - pretty smart if he can get the pick of the best for a dollar an acre!

Most guys are carrying first right of refusal clauses. He wont be stealing any land. He will have to pay $20 an acre more to pull it out of someones hands.

[RedLentil]

We lost some land to one of these guys this fall (only couple 1/4s). I have been seeding it for 15 years, never missed a payment and I treated it like it was my own. Hot shot moving into the area paying more for rent than we net per acre on an average year. I told the landlord no problem and good luck. Landlord was surprised I didn’t counter, I just told him the numbers barely worked with what I was paying and definitely doesn’t work with what you have been offered, just make sure you get paid before the seed goes in the ground. Then he asked if I would be interested again if it doesn’t work out with the new guy (haha).
I have at one point or another had someone, both neighbours and “friends” try to swipe land from us.
We have 2 more lease agreement that need to be renegotiated in the new year. It will be interesting to see how that goes.

[bigzee]

We lost some land to one of these guys this fall (only couple 1/4s). I have been seeding it for 15 years, never missed a payment and I treated it like it was my own. Hot shot moving into the area paying more for rent than we net per acre on an average year. I told the landlord no problem and good luck. Landlord was surprised I didn’t counter, I just told him the numbers barely worked with what I was paying and definitely doesn’t work with what you have been offered, just make sure you get paid before the seed goes in the ground. Then he asked if I would be interested again if it doesn’t work out with the new guy (haha).
I have at one point or another had someone, both neighbours and “friends” try to swipe land from us.
We have 2 more lease agreement that need to be renegotiated in the new year. It will be interesting to see how that goes.

Good for you to stand your “ground”. Least you can’t be blamed for increasing land rents.

[hobbyfrmr]

Well around here the average price would be in the mid 90s but what I found out is there are a few guys over east shelling out $120 and then there are few landowner who weren't up on the market taking $75 and locked into a multi year deal.

Rent could increase because bank rates are in the 4% range. If guys don't want debt then rent should have a slight premium attached.


bigzee, what I have noticed is there are some young guys going for it hard and aren't too worried about a flameout. 30 yrs old driving 5 million dollars in equip. I am still swinging wrenches on 25 yr old stuff.

You are just not efficient and progressive. 🙂

[hobbyfrmr]

[QUOTE=ajl;398411]FCC does operating loans now right? Apparently millenials will do anything to avoid dealing with the job market here in Canuckistan. What will be funny is when the older generation wakes up and finds their retirement pissed away by jr avoiding the real job market. Jr will be looking for a job and the “ old man has to farm.” /QUOTE]

the “ old man has to farm.” ..... what makes you think there will be anything left after junior’s new math and self balancing budget theme come to reality?

[farmaholic]

You are just not efficient and progressive. 🙂

But his net income and equity statements might look alot healthier.

Anybody who farms conventionally, rents a bunch of land, has fantastic crops and a new(er) line of equipment is going to go broke....the neighbors said so.

[bigzee]

But his net income and equity statements might look alot healthier.

Anybody who farms conventionally, rents a bunch of land, has fantastic crops and a new(er) line of equipment is going to go broke....the neighbors said so.

Don’t forget the neighbours also say “and they can have it”.

[poorboy]

Most guys are carrying first right of refusal clauses. He wont be stealing any land. He will have to pay $20 an acre more to pull it out of someones hands.

Don’t first right of refusal clauses deal with land for sale? This is a rental deal. If you have time left on your lease the ad by the BTO to pay above market won’t affect you.

I have big neighbors who are royally screwing their land owners. Hopefully these high rent ads get some land owners up to speed. I am getting tired of paying high rents while my neighbors with all the shiny new equipment pay 60% of the going rate.