Posted by Dave from MN on September 08, 2010 at 16:00:11 from (75.94.148.103):
Ok. Piece of land jsut about 1/3 mile from me could be available for rent, however due to high taxes in the area, the owner would like close to $100 an acre. The ground is level, a little rocky in a few spots but not bad, one of the fields is light soil, the remaining(larger of the total acreage) is pretty decent heavier soil. Most land I have now I pay from $25-$55 an acre( all non irrigated) in 2 counties, but in my county all the land I rent/own is on one section, renting it will put me in two sections, and possibly 3 (looking for enterprise units to save $$ on RA) if I get another piece I am after( cheaper rent though). It seems like high rent , but when I read what others are paying I feel I need to take into account what I would be paying per acre on average of all the land I rent, plus figure in the reduction of crop RA premiem's. It also is in an area that would qualify for soil conservation programs, and I beleive it is in DCP. I want to grow, it's close, I have alot of chicken manure to cut down costs, so corn would be failry profilable on average years, but beans would be hard to make it profitable on a poor year. Just wopndering what some of you think, or have done in this situation. I am spreading out and land is very hard to get around here. Owner and myself are gonna think about it for a couple weeks, he had mentioned doing it on shares, some thing I havent done before, is that a better option?
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