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| Assumptions - the previous deal was profitable for you.
First the jerk farmer’s actions should not be projected onto the property owners. There is multiple families involved in this, so they have to work together. They should be questioning the lease - this is not an attack on you.
I’d go back to the original deal. I’m on the fence about the 2%, but if that worked then keep it.
Understand that the family is in it for the $s only. Treat the relationship as such going forward. Put everything in writing.
It does not hurt to be open with them, however. Keep a good communication line open..the best you can.
Optional: Try to tie them in long term that uses a more flexible lease? Gives you a little more wiggle room on tough years?
Optional: Tie something into the lease for first right to purchase the property?
Edited by Brian Smith 10/3/2020 14:57
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Why are some people so committed to causing trouble for others? Long Post
