I rent land in eastern Colorado. With modern "chemical fallow" methods, the rotation is three years rather than the traditional two year rotation. (Fallow in year one; winter wheat is planted in the fall of year one and harvested in the summer of year two. Corn is planted and harvested in year three.) Cash rent leases are normally for a minimum of three years. The rent is X amount per year, payable in two installments (April and December). So if the rent is $5000 per year, it would be $15K total over the entire rotation cycle. Yes, the tenant has to pay rent for a year and a half before his first harvest.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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