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Re: Isanti County MN - Going land rent????


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Posted by JD Seller on February 14, 2015 at 16:23:37 from (208.126.198.123):

In Reply to: Isanti County MN - Going land rent???? posted by calf on February 14, 2015 at 15:40:11:

I do not know what the rental rates would be for that area. If they are currently renting their ground to someone then that renter could be setup as the "operator" of the farm and then the owners would not get any thing from the FSA office. Also if the ground has been in soybeans for years then they would not be any program payments to get.

If none of the heirs have been to the FSA office then the FSA office may not know about the land ownership change. The FSA office may still have it as a single parcel. This could be the way it is easily if the same person is still farming all of the ground.

Also it sounds like a classic "raise the rent" because "I am a land owner now" case to me. If they are asking "friends" for land rent information that do not live in that area, it really sounds like that.

I would just about bet that they have read or heard of the high rents that some good ground is going for and now think their ground should be getting that higher rent. The issue is whether their ground is good ground or not. There is some high rent ground in MN but a lot is not good ground and rents for WAY less. The rents can be way different just miles apart in MN as the ground can be very varied in areas there.

Also make sure and tell them that rental rates are going down because of reduced grain prices.

I am trying to be cordial in this response but HEIRS and "new" absentee land owners really can be a pain to deal with. They all think they should be getting the HIGHEST RENT that they have ever heard of because "DADS/UNCLES" farm is the BEST of the whole area. Many times they have ZERO knowledge of the actual value of the ground or it productive value.


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