A yearly rent makes sense - you can lock in your fert, fuel, and grain prices, you can get crop insurance to protect extreme loss. The high rents make some sense. $400 of inputs, $400 of rent, and $200 of income to pay for the machinery & labor per acre, that works.
I can't see paying $6600+ for low wet land like I have, and try to make that pencil out over 30 years. I don't see it. We're gonna crash again. The 2 pieces by me that sold this late winter for that were odd shapes, ditches cut up the fields, had wet areas that can't be tiled out, etc. Wow.
But, back in the 80's, the big fellas got rid of a lot of debt (walked away from it) and came right back farming bigger and 'better' than ever. They got the paperwork scams figured out, and so it goes I guess.
Didn't get off the tractor once to talk with a neighbor this spring, well it's wet & we are all grumpy & have 1/2 our planting left to do; but still, no neighbors any more, just big rigs and everyone sitting behind glass, too much to do to stop and say hi.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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