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SW MINNESOTA | I have one year remaining on a lease of some family ground we have been farming for over 35 years. Owner passed away and now the heirs want to cash in and are not being friendly at all about it.
They have requested that I give up my last year on the lease so they can sell it.
How would you guys come up with a value as to what I should propose them buying out the last year. I have built the fertility with manure over the years to the point it won't need P or K for several years which is valuable to me but not them.
So should I just figure net income per acre or ask for some fertilizer value or just simply say I'm just gonna farm it next year and walk away after next crop?
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Farm lease value??
