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cropland lease walkouts?

J

jacks

Member
I read an interesting article about some farmers walking on cropland leases (see link below).

With commodity prices at a lower level, do the 300-400$/acre leases still pencil out? Are you all seeing any signs of renegotiated or broken leases in your area?
reuters cropland rent walkouts
 
I'm ready to walk out on my own ground and find one of these jokers around here that's still paying $300/ac to rent my land! Just kidding. No stories like that around here yet I've heard.
 
I can't imagine that money. For the first time ever I cash rented some ground I have always done on shares. I did it for $90 an acre and I am worried about getting a profit. I would have let the BTO steal it but I just put some good fertilizer on it and haven't reaped the benefits yet. I sure wasn't going to let that sheister have that joy. He notoriously outbids the horrible ground for $90 an acre. I'm not sure how he does it but he's worn out his welcome in this county, too. Cash renting for spite. I guess it was only 30 acres. I can balance it out with all of the others if I have to.
 
Live by the sword, die by the sword. I don't feel sorry for the renter or the landlord. And maybe if we were real lucky some of the farm managers will get dismissed and drown in the blood shed.
 
Heck,..i lease my land to the first guy that offers me $100 an acre for the whole 11 quarters.he can even live in my house for free when i am in Hawaii :D
 
I don't do corn. Wheat is dry land and is great if it hits 70. I haven't had a 50 BPA crop of beans in the last few year but this may be the year. Part of the 30 acres is very good ground but as you go up towards my hill it gets bad quick. We will see if it was a mistake. I kind of felt like I had to with all of the fertilizer I spread that is still locked up. It's only 30 acres and it would almost be worth losing it to get rid of the city jerk landlord.

The BTO took the 40 across the road (same owner) last year partially because I refused to plant corn on it and the land owner wanted it. It just isn't corn ground - never has been. He planted corn and got his butt handed to him. I told the owner the top 20 acres probably wouldn't even tassel and it sure didn't. In some places it was knee high at harvest. I giggled every time I drove by.
 
It would be nice, frank, but I remember the 1980s. The big fellas worked it out, they reneged on their rent, and no one notified them by the due date so they got to rent the land the following year as well, didnt pay that year either. Then the govt farm loans got renegotiated for 10 cents on the dolla for those too big to fail, and the big guys that scammed the system were the bigger guys 5 years later, laughing at all the honest chumps.

Went to too many farm auctions with dad of good people that were t given any breaks and were too honest to cheat anybody.

Paul
 
I'm going to guess that a lot of the tenants who are breaching their leases are also landowners who bought farmland when prices peaked. They have little choice but to keep farming their high-priced purchases, so they walk out on their leases to cut costs. That said, farmland rents in most parts of the country didn't match the stratospheric rise in land prices, so don't expect rents to collapse to pre-land rush rates.
 
Thank you PAUL for posting that,I was going to this morning on that matter.ONLY THE INNOCENTS got hurt or put out in that deal.The big ones that were SUPPOSEDLY shut down laughed all the way to the coffee shop and started building a BIGGER EMPIRE with all new equipment and buying more land.We lost some implement dealers then,but if this comes to pass,there are too many dealers setting on MILLIONS of $$$ of used $200,000++ tractors-combines and if repoes.start,the millions of$$$ 1-2 yr.old machines they will have to take back from DEERE,CIH and AGCO Credit accounts.
 
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