I can remember when haying on the shares was a 50/50 deal - but IMHO, times have changed.
I don't think 50/50 is necessarily a square deal - if it's one sided - you pay all expenses and split evenly the yield.
I think you look at the cost of doing business, wear and tear on the machinery, lime/fertilizer, etc., diesel, twine and whatever taxes you have to pay - like income tax, etc. if you are selling the hay and labor. Once you get that overhead out of the way of the way, then maybe whatever's left over might be split 50/50.
In my mickey mouse hay operation where we sell everything. Half of the $$$ are donated to a good cause - my Dad to help him with the taxes on the place and the other half set aside to help with my kid's education expenses (and some pocket money for them too). The one thing I don't want to do (as much as I love and respect my Dad) is have him winding-up with more $$$'s for the split than the guy making the hay, providing the equipment and labor - so we factor in the above expenses and then make the split. It's fair and everyone's happy.
BTW - I get nothing financially out of the deal - nor do I want it - except I am the one in the tractor's seat while the field hands (my boys) are loading the wagon... ;-) Life's good when you are driving a tractor - right?????
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