coup - 8/28/2018 07:09
bankshotone - 8/28/2018 05:53
I have 8 landlords and with the current state of prices I have been trying to deal with them to lower the rent rate, I have never asked for a rate reduction before, I have been asked for a rate increase several times and have worked with all of them. I have realized that in some cases the current rent rate is higher now compared to when I started renting thier land about 10 years or so, what is interesting is that grain prices are lower now than they were then. I remind them of that fact and they don't really seem to get it. All but one landlord has been impossible to deal with. I get all kinds of excuses from medical bills to property taxes to vacations to not the bank lowering interest rates on savings accounts to whatever. On an 8 acre field currently rented for well over $250 per acre that has historically produced a maximum of 180bu/a of corn and 55bu/a of beans I asked for a $25 per acre decrease I was answered with "would $12.50 help you out?" which was much appreciated but seems like a drop in the bucket compared to the overall picture. It doesn't take a very sharp pencil to figure out that it won't work.
Have landlord's been receptive to you and willing to work with you or is what I am expecting "normal"
Why should they lower rent. From what I am hearing rents for 2019 look mostly steady. 180 bu corn - 55 bu beans- 250 rent looks workable to me with proper management..
Here could do better income wise with a rotation of 180 bu corn rotated with 70 bu wheat 40 bu double crop NGMO beans.
Are landlords willing to renegotiate prices?
