Posted by VADAVE on March 23, 2014 at 04:32:50 from (68.100.102.180):
In Reply to: Cash rents???? posted by JD Seller on March 22, 2014 at 20:57:04:
I rent a little ground for a reasonable rent which I pay at the beginning of the year--in fact in September, or right after harvest, of the preceeding year. Ties it up when the BTO comes with their offers in January. Had one landlord want to give me my money back tow weeks before planting was to start so the new owner could rent for more. May answer was takes more then that to buy out the rent since seed and fertlizer is bought and early fertilizer is applied. Also reminder her it is customary to tell me in September. In any case that's between her and the new owner. Finally the new owner calls to say "well I could rent this year".
As to costs. I usually figure the cost and put the money in escrow right around the first of the year and this year it was all talk but no action. I figure on my own ground long as corn is above $4.25 I'll break even if I had to pay myself it wouldn't. I'm not changing any equipment, just maintainance.
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