Michigan - Saginaw County | Was recently at a land auction. Was chatting with another buyer who is an investor, not a farmer. There was a piece of ground we both were interested in. He buys land and then rents it out.
I said to him - let's not bid against each other. You bid on it and we'll go partners 50:50 on the money. I will supply the equipment and labor to work it. We split the inputs and share the crop 50:50.
He turned me down flat. "Not enough." he said.
I'm not often stunned but I was at that moment because I thought I had offered him the golden goose.
Dunno what he thought enough would be.
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Buying land: Kinda a weird question.
