Posted 11/28/2014 15:50 (#4207209 - in reply to #4206877) Subject: RE: Cash Rent Land Auction
Rolla, ND
It is probably an investment where he risks something going in to get land. If prices go up, he has it, if prices don't go up he cries, I mean negotiates with landlord for a lower rent. Doesn't always work but I have seen public bid rents cut by half without it coming back up on bids.