Outdoor Dave - 8/28/2018 13:28
You have to look at both sides. Granted, on an 8 acre piece not all of this applies as much. But look at what property taxes are doing. Nothing but up. Insurance is up. The cost of living is up. If that is their main income, that is what they are looking at. And rolling up in an $80,000 dually diesel gives the impression that their is money to be had there.
To me, it comes down to this. If it works for you, farm it. If it doesn't walk away.
On some elderly relatives ground that I help manage, we set the rent in August for the following year. 70 times the price of corn. Using today's local to that area cash bid for fall 19 corn, that equates to 233.80 cash rent due March 1.
Are landlords willing to renegotiate prices?
