Posted by NY 986 on November 12, 2013 at 17:11:54 from (67.142.182.23):
In Reply to: Re: land rent options posted by mjbrown on November 12, 2013 at 15:36:56:
I would say locally the rental rate in general is considerably above the taxes. I am sure it varies depending where one is located in NY. Where the big dairies are duking it out they are paying phenomenal prices for land that is not all that productive. The added burden of the tax assessor being up to the year on land values will come back to haunt them when the inevitable profit squeeze comes. As has been said farmers respond to good prices by raising production to the point where profit per acre or cow drops back to near zero. Even with the yogurt boom dairies will add cows till the point where milk is extremely abundant.
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