Posted 3/24/2020 11:25 (#8134717 - in reply to #8133475) Subject: RE: Cash rent on pivot ground?
Nebraska, The land of corn and cattle
I paid $200 for a similar corn yield piece but beans are lower yield. Well was only 600gpm or so and it was sandy.
Notice I said paid, I dont farm it anymore and the farther I get away from it, the happier I am, it was a weedy mess, I spent $70 on herbicides to clean it up last year. I think in a dry year it wouldve suffered even running the pivot almost constantly. Plus they wanted another $10/ac just to rent the stalks, and all cash upfront so in reality my rent was closer to $220 and that's too high for 200 bu ground at best.
My opinion is if you cant rent it for $1-1.10/bu on decent irrigated ground, it's too expensive.