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| So in your scenario, you are using the profits from land you already have and like you say, may have locked a good price. Now using those profits to subsidize paying high rent on a piece that you newly acquired, and that you couldn't have forward sold the crop from that land at higher prices because you just got it.
Maybe its my backwards way of thinking, but if I'm going to pay rent on a new piece of dirt, it better pay its way in the foreseeable future. Nothing is for certain, but to start out in the hole doesn't seem like good business. | |
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Those that sold all last fall may be able to afford over bidding for rented land.
