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Tractor Talk Discussion Forum

Re: We tried to protect ourselves from poaching BTOs.

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NY 986

02-16-2013 18:36:51

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You're lucky. Several problems exist here. A couple potential landlords have a mercenary mentality. This means absolute top dollar and issues to care of the land do not matter. Offer 1 penny less than some poacher and you're out on your tail. Want to put down U-235 as a growth enhancer..sure. Then we have the people who I suspect of taking part of the rent under the table. There is an owner here who seems awfully happy to be getting substantially under the going rate and the tenant does not mow, clean ditches, etc. as payment in kind. Also, we have the type who flat out have lost touch with reality. Kind of hard to describe here. I guess one of the issues that could be described is talking to them could be like walking through a minefield. Then there are the people who are obsessed with the BTO's who have buddy seats in all their tractors, combines, etc. even though they will never go for a ride. I could make the best business offer possible and still have less than a 50-50 chance to pickup ground. Anyways, congrats on being able to implement a plan that benefits both parties and neither has reason to feel cheated. Lastly, the competition here has gotten almost brutal here and not long ago poaching was unheard off and poachers shunned. But not anymore. Guys are readily trying to grab other farmer's holdings and stopping by the competition's house to establish who has what and what the retaliation for competing (not poaching) will be. Even some of the agribusinesses are showing very open favoritism.

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JD Seller

02-16-2013 20:52:13

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 Re: We tried to protect ourselves from poaching BTOs. in reply to NY 986, 02-16-2013 18:36:51  
NY 986: There is competition here too. We just are not going to get into the bidding wars some of these BTOs want to do. Most of the ground we have we have had for many years. My middle son is renting ground My Grand father rented in 1940. We have farmed that ground now for over seventy years. We must be doing something correctly.

Most of our contracts are for five-ten years. The extra three was what we asked for and we got longer on more than half of the farms.

We have all the ground we want at this time. My sons all have off farm jobs. The older two have very good off farm jobs. We have talked about them going to farming full time. We just do not think that is good risk management at this time. Farm income has been sky high the last few years. That will change. When it does exactly is anyone guess but it will happen.

The BTOs that are throwing their weight around right now will be in sorry shape when that happens. Also when farm ground price goes back down and the rents follow, the outside investors will not make the returns they are seeing now. So they will suffer for their mistakes.

Also we turned down more ground than we currently farm this year. Most of them would have been getting less rent but they did not like how their land was being handled now. Also we have a reputation of always meeting our obligations. How many of the BTOs will be able to do that when things crash???

Their are a few paying $535 an acre cash rents just to the north of us here. Even if the landlords have a contract how are they going to get blood from a turnip???

People see what goes on and they talk about what and how they are treated. Also many do not want to deal with a miserable person. It kind of reflects back on you.

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NY 986

02-17-2013 05:09:22

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 Re: We tried to protect ourselves from poaching BTOs. in reply to JD Seller, 02-16-2013 20:52:13  
My situation is different unfortunately. Most of the BTO's have other ventures going besides farming so it is going to take more than a down turn in farming to push them back. Even with the good prices I really need to be working more ground not for today but to be able to make sufficient income when things do slide back. Myself and my closest neighbor who I get along well with have had very little luck talking to potential landlords. The ground we have the best chance to pickup is generally poor quality for row crops and is currently way over priced. Off farm jobs are very hard to come by here and people just do not quit jobs here whether it is stocking shelves at the local grocery or changing oil at the local quick lube. I do have four years of college but without moving away I doubt I will be able to utilize my education here. I would pickup new education if I knew it was going to lead to something. The whole effect has been it weighs me down. I just traded planters recently and when the new to me planter rolled in the driveway I just did not get all that excited. I'm glad you did post as I do enjoy hearing how others have successfully managed issues relative to farm business.

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