20 Miles West of Indianapolis Indiana | Local farm is up for rent. Very appealing to me for many reason. Talked to land owner and he just wants the most money from a responsible tenant (fertilizer and weeds kept down, that’s about all he cares about). But there is a list of guys he won’t talk to either because they have poor reputations even tho they will pay more...
After talking with him without me telling him my number I realize I’m WAY outta the ballpark... I feel like I raise a good crop. I have some of my cost down, my highest cost compared to what some on here say are probably Nitrogen and Dry Fert. But I’m 99% sure no one I’m bidding against is using wholesale fertilizer.
When I’m figuring a crop budget I never add in anything for govt payment or safety nets. I’ve always treated them like something extra that’s hopefully there if things go south in a hurry. To me that’s gotta be where someone smarter then me has a better understand if them and able to do the math to figure out at what levels they feel there will be a payment and there won’t to give them some extra cushion? Maybe I’m babbling/wining? Just trying to get a better grasp on this if their is something I ought to be considering when placing an offer...
Appreciate any and all education on it. |