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NE ND | Figure out what you need to break even, then figure what roi you need to continue farm growth. From there you can take the excess and split it how you want. I have one farm that the owner was very aggressive on rent. I got him to reduce up front rent by showing him my cash flow for his farm and offering a 50/50 split after my roi was meet. I know this seems high but this farm only contains a quarter section and is very good land that I have farmed for years and don't want to loose it. | |
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cash rent plus bonus
