Your question is worded so as to to be taken many different ways, not sure what your question is?
If someone rents land for cash, it is his crop, his year, to raise his crop. The landowner only gets the rent, has nothing to do with the crop.
If the person renting the land goes belly up in the middle of the season, it's still his crop, and would go through the bankrupty proceedings. The landowner would still only get the cash rent agreed to, not the crop. This is why most cash rents get paid up front, before planting. If the land owner didn't get paid, then he gets to get in line with the rest of those whom are owed.
This gets very messy with a long term lease. If there is a 3 year lease on the land, and you are a 1/2 year into it when the renter goes bust, that entire lease becomes part of the bankruptsy process, and can be sold off by the courts as a valid asset. Who knows who will be running the mand the next 2 years.....
There should be more info showing up if you search for the Stamp Farms mess - someone in the running for Farmer of the Year filed for bankruptsy this November in the Michigan/ Illinois area. The thousands of acres he rented are now in a bit of a quandry.....
This is no different than when the farmer sells grain on a contract. If the elevator you contract to goes belly up, you _still_ need to deliver your grain to the elevator, even tho you won't get paid for it. You already agreed to the sale.... Likewise, with a land lease, the land owner agreed to it, and if something goes wrong, you are still tied to your sode of the bargin.
If your question was along an entireely different line, please re-ask it, with more explination.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
... [Read Article]
Latest Ad:
1 SD Gibson, 1 D Model needs rear end assembled and installed, 1 D Model needs minor repairs, extra parts
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
