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Lancaster, OH | What about changing the paradigm?
Say, $200/acre rent. Agree on a price for the commodity and share a bonus if Gross field receipts exceed a certain amount. Say gross receipts are projected to be $450/acre at 150/acre and $3 corn based on CBOT September 2019. If yield x CBOT 9/19 = $550, then you keep $25 and give them $25 up to $250/acre. Receipts over $550/acre, you split that at a 25:75 share, them and you.
Just a rough idea of another approach. | |
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Are landlords willing to renegotiate prices?
