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 - 1952 Ferguson TO30 Restoration Story - by Mike Mc Andrews. I have been planning for many years to build a home and in preparation for this, I decided that I should have a tractor to prepare a driveway, do landscaping and haul material on my acre of land. I have a Cub Cadet for tilling and mowing but I decided that I needed something larger and with a loader. I enjoy repairing things and I like to save some money so I purchaced a 1952 Ferguson TO-30 with a Wagner loader.
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