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Tractor Talk Discussion Forum

Re: We tried to protect ourselves from poaching BTOs.

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Paul

02-16-2013 20:10:19
66.44.133.112



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Wow. You were still on the half and half payment deal? That went out around here in the 1990s. You must be in a little friendlier area. Tho, there are a lot of good folk left around here, you wouldn't get any land if you weren't offering all the rent ahead here.

Good plan, glad it worked for you.

Only issue is, you kinda set it to all blow up again in 3 years. Perhaps you got things staggered out a bit so not everything comes up in the same year again, the risk of losing all of the rents in the same year would be bad.

Paul

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MFPoor

02-17-2013 05:02:04
72.4.0.230



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 Re: We tried to protect ourselves from poaching BTOs. in reply to Paul, 02-16-2013 20:10:19  
Same here. You better be willing to lay down the full amount on day 1 of the agreement, AND, you better be willing to take care of the property (ie trees, mowing etc) while you have property, or you won't be back next year. Been that way for quite a few years. One local "bto" who farms around 4500 acres total goes in and cleans out fence rows, tears down old dilapidated buildings, installs culverts @ road access, spending whatever it takes to keep yields as high as possible all the while with an eye to the future, and in general, maintains property as if it was his own. (In addition to paying highest rent in the area) Most of these guys didn't reach the level they did by being idiots.

I don't try to compete with him. No point in that. Then again, I don't begrudge him for his success and ambition.

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