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cropsey, il 61731 | This has been going on since the dawn of farming. However, it tended to be a low percentage of business done. It doesn't make sense for a landowner to only consider the new cash being offered without seeing if it fits the current tennant. As long as the history with the current guy is acceptable why risk changing, and if all that's required is a 'freshening' of rent to closer match typical rents why change? At least it seemed in the past that most landowners knew who the possible future renters and wildcats were and how they did business. They knew if a guy had gone bankrupt and defaulted on some rent or if the soil would just get mined and generally had a good idea of who they would rent to. Sadly as landownership goes to folks less likely to manage it, becomes more of a 'dollars now' game with little consideration of what the results might be. If they stay owners long enough, they will learn to manage it again. It reminds me of a poster on this board who was considering renting his ground and not only did he have his own profit potential in mind, but was concerned with a future tennant's profitability and would want a relationship where it worked for both parties (which could be high cash rent depending on the situation). That's how it should be managed. In a sense good management is a better form of loyality (or at least it makes it easier).
Thanks,
Pat | |
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Does Loyalty matter anymore?
