Posted by High Bid on September 14, 2009 at 22:07:48 from (74.221.165.32):
In Reply to: Re: Leasing agreement posted by kyplowboy on September 14, 2009 at 18:33:23:
Thats fine but rent in our area can range from 45 to 110 per acre. Thats 65 per acre difference and on 500 acres is 32,500 at risk to leave on the table over a cup of coffee with a neighbor. Taking bids may be a prudent way to go to ensure a fair market value, but the top bidder may make your life miserable if for instance you depend on your rent for your retirement or to pay your bills and the top bidder has a history in the community of not paying on time or skimping on fertilizer essentially "mining" the fertility of your soil you've spent a lifetime building. Some of these high bid renters also travel long distances and truck in their seed fertilizer and fuel from who knows where while the local retailers and coops lose potential business which is bad for the whole community. These are just a few of many examples of what can go wrong with a high bidder and all I'm saying is to be smart and leave yourself an out because taking a little less or maybe a lot less money from the second highest bidder may be better for everyone.
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