Land owner/cash rent ?

Gilbert in IL. · Apr 12, 2012

South Central IL.....WE put lime on after BRB`s were made thinking like usual, its gonna be baled again...fix the Ph. Wife & I talked about it & we`re gonna cash rent(only 10 acres, so no biggie....BUT, it IS for us!).
We`ve got a big farmer that actually wants the acrage, I`m sure parcially because he`s right there, adjecent to our property. Here is the question - Since we are cash renting, we really think that he should AT least pay half that lime bill ...since it is improving his bottom line, not ours..... BTW he would not crop share which would have made it more okay in our mind, being the lime benifactor. Along with rent, We really think he should, At least pay half the lime bill. What are your thoughts???? Appreciate any help. GAS

paul · Apr 12, 2012

These days the landlord is in the driver's seat, land is in big demand.

I think your question is fair, only have to work it out between you.

Perhaps 50% of the lime bill is too much unless this is a 3 year lease. As a renter, I'd prefer you pro-rate the 'extra' fee spread over 5 years, or 1/5 of the bill this year. We don't need lime where I am, but my understanding is lime lasts about 5 years or so? As a renter I'd not want to pay 50% of a 5 year improvement for a one year lease..... But I would understand if you asked about 1/2 of the bill, and discuss that with you.

Hope this is before anything is signed/ shook on, I'd not want to be surprised by an 'extra' bill after I thought everything was settled on.

--->Paul

paul · Apr 12, 2012

> But I would understand if you asked about 1/2 of the bill, and discuss that with you.

I meant to type,

"But I would understand if you asked about _1/5_ of the bill,"

Dern slow brain and fast fingers. Saw the typo as I pressed the button, and it was gone....

--->Paul

IaGary · Apr 13, 2012

I agree with what paul said.

Or just tell the guy you just limed it and if you have agreed on say $200 an acre tell him you want $210 an acre to help pay for the lime.

I would be more concerned about him keeping up the fertility for you than lime costs myself.

Lime may be $50 every 5 years but P and K replacment can cost you a $100 a year.

Don't let him come in there and farm it for 3 or 4 years without replacing the P and K he removes.

Some of my leases spell out about maintaining fertility.

Gary

randallinMo · Apr 13, 2012

My thoughts are that if you put the lime on prior to any talks with him about renting, then the lime is YOUR expense. You can't come back later and say "Oh yeah, we want you to pay for this lime too". Your post is pretty vague about what happened when. The post reads like you made the deal with the renter and are now coming back to him asking for lime money. You should have considered the cost of the lime and factored that into your per acre rent figure.

kyhayman · Apr 14, 2012

Different parts of the world, different local customs. Local tradition has always been land lord pays lime costs. If it happened to be a multi year lease I might consider paying half, or all of the lime depending on the term. Single year, no way, depending on how bad the pH is really. All depends on the local supply of land and the local demand of people wanting to farm it.

Gilbert in IL. · Apr 15, 2012

We, Apreciate ALL opionions & advice!!! If he doesn`t wanna "kick-in" on the lime bill, I guess we`ll hay it for a couple more years. He "said" he`d 50/50 hay. Almost $400 of lime on 10 acres....2 ton per acre....YES, ph was bad! IF, he doesn`t help out...hay it is. I don`t feel its right for US to make HIS crop better....& YES, I fell he`ll be our farmer for years. Instead of the NEW BTO ,acronym....LMAO....MTO
BTW, 90-150$ per....Wayne co.....farmweek, 118$

Yep, he`s got Deep pockets....we`re surviveing, like the rest of the 99%.

I Really do appreciate eavry ones advice!!!!!!....GAS

Land owner/cash rent ?

Gilbert in IL.

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paul

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paul

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IaGary

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randallinMo

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kyhayman

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Gilbert in IL.

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