Posted by NY 986 on November 12, 2013 at 15:01:12 from (67.142.182.24):
In Reply to: land rent options posted by Nick m on November 12, 2013 at 14:42:42:
If you are lucky the landlord will agree to a deal where there is some sharing of risk and reward. A rebate if yields or prices fail to meet expectations and a bonus if things exceed expectation. Flexible rent is done but sometimes there are additional terms in terms of all rent due up front, fertility clauses, and insurance on the farm operation to cover liability. Nearly all landlords here seem to want top dollar with no compromise for a bad crop year or market decline. I suspect a fair number take a hefty part of the rent under the table so it is near impossible to tell how competitive a rent offer is until it is too late.
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