50 bucks an acre is a typical rent for dryland in the western High Plains. That's actually pretty cheap when you consider the going purchase price for such land is over $1500/acre. So why isn't everyone flocking out west to snatch it up?
First, most of the rental ground is locked up in long-term leases by Big Time Operators, who are quick to snatch up what comes on the market. The land you would be able to rent would likely be neglected ground that will need a lot of fertilizer before it will produce decent crops. Then you have the high cost of entry: You're going to need over a thousand acres to make a decent living, so you'll need to purchase fairly big equipment to get started. Now the kicker: It will be a year and a half before you get your first crop; dryland out there needs to be rested ("summer fallowed") every other or every third year. So that means your real cost per crop year is $100/acre on a two-year rotation or $75/acre on a three-year rotation.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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