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| Ben Riensche - 9/5/2015 12:22 I just hung up the phone from answering an ad in the Farm Bureau Spokesman for a gentleman wanting to buy farmland. Thought I could do what Boone said and sell him an 80 a long ways from the home farm and generate a little working capital, yet lease it back. Said he bought a farm at auction in recent days, so he was no longer in the market. Paid a little over $8,000 for a good piece of Iowa farmland. I asked if I could join the list to rent it. He said it has to be in beans next year he wouldn't consider less than $340. I politely mentioned that a 50 bu crop of $8.25 beans will only gross $412.50. That gives me a whopping $72.50 to plant and harvest the crop, including all inputs. I said it very respectfully, and he literally hung up on me.
You should have offered to custom farm it for him so he could make the big $'s farming it instead of letting someone else have all the profit.
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