Posted by John77046 on June 29, 2009 at 07:19:32 from (216.249.192.147):
In Reply to: Land Lease Rates posted by robersw on June 29, 2009 at 05:53:39:
Stop by your County Extension Office. In South Dakota the Extension Service collects and reports average lease rates annually by growing areas of the State. Might also ask local land appraiser and ag banker(s).
If tennant or landlord supplies fencing material and/or labor should affect lease rate as well. Might consider weed control same way as to which (tenant versus landlord) supplies chemical and labor to apply it.
In my area for pasture it is not uncommon for landowner to supply fencing materials and pesticides (fertilizer?) while tenant supplies labor/application.
Ag land leasing varies tremendously by area. Local customs within a State will also vary. Ask around....local coffee gathering place?
Another suggestion when dealing with family, keep detailed records (written lease)to eliminate future disagreements and/or arguments. I can already see a potential trouble spot. If your cousin dies suddenly the heirs might "wonder" why you got it for free for awhile. Also eliminates potential for "selective memory" on all sides.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.