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southern MN | I would let him buy out the remaining 2 years. You do not need to make a killing on that, but you should get some few dollars for allowing breaking of the contract. Esp for the 2009 year, you likely had fert, seed, tillage, & perhaps forward contracts set in place for the 2009 year. That is worth something, not the moon, but something. Buying out the 2010 lease would be a pretty low value deal assuming you want this to be gone with as few hurt feelings as possible on either side.
Come up with a dollar value per year of what breaking the lease costs you; then say well I'll charge that for 2009, and only 1/4 of that for 2010 to give you a deal. That puts the other person on the defensive, already getting a deal, they have to come up with a better idea? Harder to negociate when you are already getting a deal; horse & car traders have been doing that for centuries.
Depends on what portion of your operation we are talking about, and how politics goes in your area, and so on. Lot of room for other ideas depending on the details, as always.
--->Paul | |
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