Posted 6/11/2021 12:51 (#9053565 - in reply to #9052502) Subject: RE: $1500+/acre
There were quite a few $400/acre for 3 year rental contracts done, with $100/A fall N application followed by massive PP in 2013. That took care of a lot of tax planning problems for the next few years…. Tommy Vavra and others offering/paying $500+ rent until they went broke for 2013 and 2014 kept rents high. If someone can figure out how to pay $500 rent on 185 APH ground in an area with a typical -$.50 NC basis and not lose a ton of money I would love to hear it. 2014 was not a good year here. Quite a bit of 5-10% below APH corn yields that year. Stack that on top of payments for loans used to buy high priced equipment to avoid massive tax bills and maybe you could start to see where all the cash went.