Not much of the dryland around here is continuously cropped. In fact I know of only one guy that does it and I think he's not getting much, more of a program farmer than crop farmer.
I thought the way to do this might be to estimate the net profit as if there was no land cost and then split that profit 1/3 2/3 with the landowner. For example if the ground can make $60 in wheat then the cash rent would be $20. but that's on the year it is cropped. There should still be a rent on the fallow year but what?
Just for info. on those of you that say these are unrealistic numbers. County ave. is 30bu. per acre on dryland and 10 acres a month per cow calf pair. Had info from the county agent for 2008,09 and the county ave at the time was $19 per acre on dryland.
I thought the way to do this might be to estimate the net profit as if there was no land cost and then split that profit 1/3 2/3 with the landowner. For example if the ground can make $60 in wheat then the cash rent would be $20. but that's on the year it is cropped. There should still be a rent on the fallow year but what?
Just for info. on those of you that say these are unrealistic numbers. County ave. is 30bu. per acre on dryland and 10 acres a month per cow calf pair. Had info from the county agent for 2008,09 and the county ave at the time was $19 per acre on dryland.