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KS and NE in eastern 3rd | In my case yes I will still be paying the same because rented acres only makes up around 6% of my acres. I understand your point. I'm in the boat that thinks rents should be based off of land values. If land values haven't fallen, why should rents fall? If land is holding it's value then it would seem that farmers feel the current price is fair. Guys want to bid 8000 per ac, but only want to pay 150 in rent. Something doesn't add up there. How much would you rent your owned acres out for? Take that number and subtract off labor cost and that should be pretty close to what you should be paying. | |
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Talked to a banker.....
