The standard around here is that rent is 5% of purchase price. So, when land was $5000 per acre the rent worked out to be $200 per acre, right now that is more than doable. Raise the price to the $10,000 that the better ground is bringing now and the cash rent is $500 per acre. Still doable IF input cost were to stabilize and commodity prices stay where they are. NO GUARANTEE on any of that happening.
If you are the investor you are getting a good deal if you have the money. If you have to borrow the money it will take a leap of faith and some good luck to make it cash flow over the long haul.
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Today's Featured Article - A Towny Goes Plowing - by Anthony West (UK). I live in an area renowned for its rural beauty. Small fields with hedgerows and trees are common place, as are small hamlets with village greens and the odd duck pond complete with swans. The center of any village once the shop is closed is the old tavern. Rustic places with cheerful names like "The Griffin" "Red Lion" or "The Plough and Harrow" are found dotted around the country lanes all over the place. The warm glow of yellowish light can be seen for quite some distance at dusk, and
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