My sons and I have had a couple of run ins with some of the local BTO in the last few years. I had began to worry about one(or more) of them trying to play some kind of revenge game. So my sons and I set down and came up with a plan to try to head any land issues off.
We cash rent all of the ground we farm other than our own. We do not have any left on the shares. We also have not gotten pulled into the sky high rents that many are offering. We try to pay what is fair and still take care of the ground like it was our own. That means keeping the places mowed and fences in repair. Also keep the trees trimmed back if needed.
So with interest rates fairly low we decided to offer all of the land lords full spring payment for the 2013 crop year if they would would extented the current rental contract for at least three years.
It worked!!! All but one took the offer. The one wanted too but his wife is in poor health and he is not sure if he will have the farm for three more years. His farm is rented by my oldest son. My son decided since the fellow was a good land lord to go ahead and pay him too. HE had enough troubles with his wife's health concerns that Robert decided that the full rent may help the landlord so he paid the rent in full for this year.
It kind of takes some stress off with not having to worry quite so much about this. Also made us happy that the land lords seem happy with the job the family is doing for them.
So just thought I would share some good news for once.
We cash rent all of the ground we farm other than our own. We do not have any left on the shares. We also have not gotten pulled into the sky high rents that many are offering. We try to pay what is fair and still take care of the ground like it was our own. That means keeping the places mowed and fences in repair. Also keep the trees trimmed back if needed.
So with interest rates fairly low we decided to offer all of the land lords full spring payment for the 2013 crop year if they would would extented the current rental contract for at least three years.
It worked!!! All but one took the offer. The one wanted too but his wife is in poor health and he is not sure if he will have the farm for three more years. His farm is rented by my oldest son. My son decided since the fellow was a good land lord to go ahead and pay him too. HE had enough troubles with his wife's health concerns that Robert decided that the full rent may help the landlord so he paid the rent in full for this year.
It kind of takes some stress off with not having to worry quite so much about this. Also made us happy that the land lords seem happy with the job the family is doing for them.
So just thought I would share some good news for once.