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Kingston,Mi | These scaly operators have been at it for decades, a local version of this was the high rent with small type in a multiple year rental contract. Significantly better rent offered but the really small print taketh away, the package was presented based on a certain exceptional yield of sugar beets, corn or dry beans. Come fall and time to settle up came the unwelcome surprise, sadly they didn't achieve those yields, they had decent yields but your rental settlement has been adjusted according to the small print. Indignation by hood winked land owner who informs Slippery J. Hoodwinker that he is off the farm "I'll find someone else", this where Slippery springs yet another small print paragraph "you need to terminate prior to Labor Day or some other pre-harvest date". Failure to do that allows Slippery J. Hoodwinker to farm it again under protest until the contract is up.
Another form of these contracts giveth large rents, taketh away by charging the land owner for every conceivable charge that most rational people would say are the operators costs. Charge the landowner to plow and fit his land, certain machine costs, harvest cost shared then weigh the crop on your non-public (and uncertified) scale. With the possibility that some loads may have missed the scale. | |
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Can courts hold farm leases in force but modify terms in a bankruptcy?
