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NW Missouri | In NW MO, 50/50 works like so:
Fert, spraying, seed are split 50/50.
Tenant is responsible for all of the tillage and planting - including fuel, machinery, labor, etc.
Harvest costs and trucking are split 50/50 (if tenant does the work himself, the landlord gets charged a per acre fee for combining and a per bushel fee for trucking as if it were a custom job).
Each party handles their own property taxes on what they own (land, machinery).
Each party insures their share of the crop if they so choose.
Some on here will argue about custom application costs for fert and spraying - that the app costs should be paid by the tenant because they could own their own sprayer or fertilizer cart which would then fall under the "machinery" category. In my part of the world, the landlord pays half of the bill whether there was custom app on it or not.
Like any share lease - it benefits the farmer in below average years and the landowner in above average years. It does take some of the financial risk away from the farmer, but you trade that for landlord oversight of your crop. If it's cash rent, as long as it doesn't look embarrassing, the landlord doesn't care how you do things cause they're getting the same payment either way.
Edit to add: crop is obviously split 50/50
Edited by Expensive Hobby 8/20/2017 21:40
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Different outlook on things!?
