Posted by newfarmer9 on December 14, 2015 at 15:15:20 from (24.114.76.175):
A local farm has come up for rent through an "absent" land owner who had the farm left to him but lives 2-3 hours away. The owner told me there is 140 acres workable. After walking the farm boundaries/tree lines with my GPS I am only getting 115 workable (GPS is accurate within an acre or so).
I divided his asking price by 140 acres to find his price per acre, then multiplied that by 115 and offered him that number. So basically giving him his asking price per acre but figuring on 115 acres not 140. I even offered to clean up all the fence and tree lines and run some tile as part of the deal. He turned me down even after I showed him the GPS survey, as he is sure there is 140 workable because that's what his dad told him before he passed away.
How would you approach this situation, and is there any third party way to verify workable land? Normally I would just let it go but land here is impossible to find and I haven't seen any come up for rent in the last 5 years.
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