|
| The standard 50/50 contract I found on line when I set mine up (its in year 9 now) I (landlord) pay half the cost of seed, fertilizer, and herbicides. I added to the contract that my tenant delivers my half the crop to the nearby elevator. My tenant does all the planning, shopping, and labor including hired hands. He also mows around the buildings occasionally. I do the merchandising of my share of the crop. Some of his vendors bill me direct, some he bills me.
So far I've made money every year. The great years I've made way more than I'd have dared ask for cash rent and in poor price years I've not got as much income as moderate cash rent, but I haven't put my tenant in the hole either.
Gerald J. | |
|
50/50 crop share?
