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Need land rent advice
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jd1513
Posted 8/11/2015 20:51 (#4728274)
Subject: Need land rent advice


We run a smaller farm and we are trying to expand. So we are always looking for more ground. I rent more land then I own and that isn't going to change anytime soon. I stopped to talk to a guy about renting a field he owns the other day. Long story sort this is about 15 acres that hasn't been farmed in many many years. He said about three year ago he mull board plowed most of it for a deer food plot but never planted any thing in it so it is all weeds a lot of grass thistle and ragweed. When it talked to him I said I was interested if planting it next spring. He said he thought it was a good idea and we were going to sit down to work out the details. This is when I brought up I might like to brush hog it this summer and spray it to control weeds for spring and now he wants me to pay rent for this year (2015). I told him forget it and I will take care of it in the spring. But he is set on not doing anything if I don't pay for this year. We haven't even talked about money yet and I don't want to loose a chance at some land. I haven't even thought about soil test or fertility yet either. I know 15 acres isn't much but farm land is far and few between around here especially for a smaller operation. Should I walk away or try something else. Thanks for any advice.
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hinfarm
Posted 8/11/2015 20:56 (#4728285 - in reply to #4728274)
Subject: RE: Need land rent advice



Amherst WI
I would have delt with that early on when I started farming and it never did work out with goofy stipulations like that and I always had the most to lose.

He sounds like he is going to be a treat to deal with down the road when your into it real deep with fertilizer, lime and the ultimate land loser cutting back the fence lines. I'd keep on going.
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aray63
Posted 8/11/2015 21:13 (#4728336 - in reply to #4728285)
Subject: RE: Need land rent advice


barry county mi
walk archie
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thatsoliver
Posted 8/11/2015 21:03 (#4728303 - in reply to #4728274)
Subject: RE: Need land rent advice


sw iowa
sounds like a farm that's more hassle than it's worth, I'd walk away and not think twice about it.
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Cross Country
Posted 8/11/2015 21:08 (#4728320 - in reply to #4728274)
Subject: RE: Need land rent advice


Ottawa, Ontario
He should be paying you to clean it up this year !

Tell him the rent should be $ -100.00 / ac this year and $100 / ac next year . Once it is cleaned up and producing something you can pay him some rent. Explaing to him that at the end of the day you will be adding value to his property.
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grizz1972
Posted 8/11/2015 21:17 (#4728348 - in reply to #4728274)
Subject: RE: Need land rent advice


wisconsin
The problem is you haven't talked about what he wants for money yet. if he wants big money and it hasn't been farmed for awhile I wouldn't touch it without a long term deal minimum of 5 years. because if you get it cleaned up and producing the next guy down the road will come after it. you have to protect your investment and give yourself enough time to come out profitable on it.
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hinfarm
Posted 8/11/2015 21:33 (#4728412 - in reply to #4728348)
Subject: RE: Need land rent advice



Amherst WI
If it sat like that around here he would be paying taxes on it as recreational land instead of the cheaper Ag land.

The OP is doing him a favor the the potential LL is stealing defeat from the hands of victory.
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ekeller2
Posted 8/11/2015 21:22 (#4728367 - in reply to #4728274)
Subject: RE: Need land rent advice


So. IL
Sounds like the reason why it's sitting vacant. No way would I ask for rent the year before farming it.
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dakotadirt
Posted 8/11/2015 21:28 (#4728391 - in reply to #4728274)
Subject: RE: Need land rent advice


Get a fair multi year lease that starts next spring or forget it.
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jd1513
Posted 8/11/2015 21:40 (#4728431 - in reply to #4728391)
Subject: RE: Need land rent advice


I think part of the problem is he bought the property with this just a grass field and I don't think he ever thought of it Bieng farmed until I stopped to talk to him. And now he thinks he has a gold mine. I hope I'm not making him out to be a prick because seems lik a nice enough guy just uneducated about how farming/ leasing land works.
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martin
Posted 8/11/2015 23:08 (#4728671 - in reply to #4728431)
Subject: RE: Need land rent advice


So, explain to him how farming lease works. 

I think I would wait until later in the year - sometime in the fall - to talk to him again.  It will make it easier to convince him that you don't need to pay rent for this year.  But then again, maybe that logic will never cross his mind.

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Sodbustr
Posted 8/11/2015 21:46 (#4728457 - in reply to #4728274)
Subject: RE: Need land rent advice


Western Iowa
If a guy is a hassle before you get a deal, it won't get better. I have watched similar deals in the area. Landlord dictates terms all in his favor, someone always bites. Typically a new tenant every few years........

Hungry for land or not, don't do a deal you are not comfortable with.
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270
Posted 8/11/2015 22:28 (#4728586 - in reply to #4728457)
Subject: RE: Need land rent advice


NE Nebraska
Don't waste your time with people like this. Get a job, make some money, buy a farm for yourself. Long term you'd be way better off.
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GrainTrader
Posted 8/12/2015 15:51 (#4729766 - in reply to #4728457)
Subject: RE: Need land rent advice



20 Miles West of Indianapolis Indiana
Sodbustr - 8/11/2015 21:46

If a guy is a hassle before you get a deal, it won't get better.

Hungry for land or not, don't do a deal you are not comfortable with.


+1 & +2
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Cadillacfarm
Posted 8/11/2015 23:36 (#4728716 - in reply to #4728274)
Subject: RE: Need land rent advice


North Central Missouri
Tell him you will give him 1/3 of this years crop.
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Patriot81
Posted 8/12/2015 06:24 (#4728847 - in reply to #4728716)
Subject: RE: Need land rent advice


Farmington, Mo
Now that's funny...+1000!!
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MN7521
Posted 8/12/2015 07:06 (#4728932 - in reply to #4728716)
Subject: RE: Need land rent advice


sw mn
Cadillac has the right idea, some type of share crop arrangement. Contrary to most of the advice on here I would not walk away if there is some future potential. That said, make sure you get a multiple year agreement in writing. Just type it up on a word doc stating terms of lease, and have him sign a copy. If he is hard to work with, then do 1/3-2/3 arrangement where you pay all expenses. A 50-50 agreement where he pays 50% of expenses would be better for you, but then you would need to check with him every time you apply chem or fert. Hope this works out for you.
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Funacres
Posted 8/11/2015 23:52 (#4728732 - in reply to #4728274)
Subject: RE: Need land rent advice


Texas

I would advise you to offer it to your neighbor.  Let him waste time dealing with this landlord while you find a good landlord to work with.

If you are too old to run, then walk, but either way get as much real estate between you and this deal as you can manage.  It will not get better.

BTW, I would offer the same advice if it was 150 acres instead of 15 acres.   

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NoTill1825
Posted 8/12/2015 06:36 (#4728867 - in reply to #4728274)
Subject: RE: Need land rent advice


NC Indiana
What does he hunt? Tell him no rent, but you'll put out a cover crop on those acres yet this month that include turnips and dwarf Essex rapeseed and crimson clover (I'd put cereal rye or another cereal with it to). That should attract the wildlife at no cost to him and help you jumpstart to next season. My 2.

edit - not rent for 2015 is what I meant.

Edited by NoTill1825 8/12/2015 06:36
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keving
Posted 8/12/2015 06:48 (#4728890 - in reply to #4728867)
Subject: RE: Need land rent advice


Michigan
Wash your hands and walk away,if he's being anal now,wait till you start farmin it
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tkoppel
Posted 8/13/2015 07:10 (#4730799 - in reply to #4728890)
Subject: RE: Need land rent advice


Sanilac Co. Michigan
keving - 8/12/2015 06:48

Wash your hands and walk away,if he's being anal now,wait till you start farmin it


Oh yeah! Why in the world would you buy yourself a problem?
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rank
Posted 8/12/2015 06:54 (#4728898 - in reply to #4728274)
Subject: RE: Need land rent advice


SEON
run away. he's an idiot.
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jd43
Posted 8/12/2015 07:17 (#4728954 - in reply to #4728898)
Subject: RE: Need land rent advice


Northeastern Pa.
+1000.
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bigcorn02
Posted 8/12/2015 07:48 (#4729031 - in reply to #4728954)
Subject: RE: Need land rent advice


Wouldn't even consider working with a muck brain like that.
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case8930
Posted 8/12/2015 08:26 (#4729095 - in reply to #4728274)
Subject: RE: Need land rent advice


East Central, NE
For 15 acres, I'd laugh in his face and walk away. Life's too short to deal with guys like that.
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School Of Hard Knock
Posted 8/12/2015 08:31 (#4729103 - in reply to #4728274)
Subject: RE: Need land rent advice


just a tish NE of central ND
I'm thinking.....my bets it idle and full of weeds because no one wants to deal with him.
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hibernian
Posted 8/12/2015 11:37 (#4729383 - in reply to #4728274)
Subject: RE: Need land rent advice


Northeast Maine/Southern New Hampshire.

He's a clown.
I'm may be in a situation next year where I will be a renter and an owner renting to another farmer.

This because of locations .

These deals have to work for both parties to survive and thrive.

I don't have anything in writing . But you better have.

Possibly tell him that you need to clean it up.
And a contractual aggrement.

Possibly pay some earnest money in advance .
Not necessarily really part of 2015 rent.
Like payment ahead. Maybe he needs it.
Good luck.
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Lunatic Fringe
Posted 8/12/2015 13:38 (#4729566 - in reply to #4729383)
Subject: RE: Need land rent advice


NE
No, tell him you will give him 100% of this years crop. He sounds dumb enough he might just agree. Then after he gets nothing you start over again next yr. Cash rent, no percentage deal, guys like this don't have a clue.
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martin
Posted 8/12/2015 17:25 (#4729873 - in reply to #4729566)
Subject: RE: Need land rent advice


So, he will want jd1513 to plant wheat this fall, and then expect jd1513 to deliver 100% of the wheat crop to him, since it was planted "this year" (in 2015).  Then, jd1513 does not deliver what is expect, he will get pissed and say that jd1513 reneged on the deal.  Just sayin'.....

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Lunatic Fringe
Posted 8/12/2015 18:45 (#4729980 - in reply to #4729873)
Subject: RE: Need land rent advice


NE
No I consider wheat to be a 2016 crop.
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Stuie
Posted 8/12/2015 18:55 (#4729990 - in reply to #4728274)
Subject: RE: Need land rent advice



Genoa, Illinois
If you can get a long term lease for about $100/acre it might be worth it. The landlord sounds like a piece of work, I would run.
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