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| One simple flex rent contract that I've seen is that it's 34% of the gross (corn) and price is calculated by the average of 5 market closes (15th of the month from December through april). Maybe the percentage needs adjustment depending on the ground and the competition in the area. You could pick any day you wanted but it appears reasonably fair to the landowner and if the tenant has concerns about what to do about grain sales, just sell 20% of a mediocre crop on the same days as the contract price is determined. I may be going to this in the future as a more palatable way of lowering rent - no one wants to talk about going from $300 to $200 but maybe making it a percentage of what is available is easier to take. | |
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Flex Rent ?'s
