West of Lincoln a little bit | assuming you know your expenses and typical yield work up your income assuming it was 50/50 cropshare again. Figure out what he would have made per acre if it stayed as crop share. Offer him that. You can raise it a little if you think prices will be up through the summer.
Or work up an income statement assuming you own the field, then plug in various cash rents until it gets relatively even. Adjust accordingly. Going rate varies from "family rent low" to "testing bankruptcy high". Hearing on NAT that bankers won't finance over $300/acre. |
Cash Rent for 2014
