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re: Soybean Field land Rental $$?
Posted on 4/23/12 at 10:47 pm to Geaux Smoke
Posted on 4/23/12 at 10:47 pm to Geaux Smoke
I do this for a living.
Depends a lot on the quality of the land and whether or not it is irrigated. Find out what farmer Dave's avg. yield is (how many bushels he is harvesting),and figure 20% to 25% of it times current mkt. price. (currently $13.50/bushel).
Low 30 bu. X 25% = 7.5 bu. X $13.50 = $101.25/acre
High 50 bu. X 25% = 12.5 bu. X 13.50 = $168.75/acre
Remember farming is volitale (think weather), and the price changes daily. You would be better off renting to a responsible farmer that will take care of your land for a little less money than someone paying top dollar rent who is just mining the land.
Depends a lot on the quality of the land and whether or not it is irrigated. Find out what farmer Dave's avg. yield is (how many bushels he is harvesting),and figure 20% to 25% of it times current mkt. price. (currently $13.50/bushel).
Low 30 bu. X 25% = 7.5 bu. X $13.50 = $101.25/acre
High 50 bu. X 25% = 12.5 bu. X 13.50 = $168.75/acre
Remember farming is volitale (think weather), and the price changes daily. You would be better off renting to a responsible farmer that will take care of your land for a little less money than someone paying top dollar rent who is just mining the land.
1
Posted on 4/23/12 at 11:01 pm to UncleJEAUX
I sure appreciate the response!!!
So I was following your calculations but got confused- is that if we decide to gain share? Or is that how you'd go about determining a reasonable cost per acre to lease?
I would venture to say that's why we've stuck with this guy.
I have now also been tasked with determining if growing timber would be more profitable on the land? Just bc I work in finance I guess the family feels inclined to dump this project on me. Next thing I know my arse is gonna be out planting trees bc I'm the most physically fit guy in the family.
So I was following your calculations but got confused- is that if we decide to gain share? Or is that how you'd go about determining a reasonable cost per acre to lease?
quote:
You would be better off renting to a responsible farmer that will take care of your land for a little less money than someone paying top dollar rent who is just mining the land.
I would venture to say that's why we've stuck with this guy.
I have now also been tasked with determining if growing timber would be more profitable on the land? Just bc I work in finance I guess the family feels inclined to dump this project on me. Next thing I know my arse is gonna be out planting trees bc I'm the most physically fit guy in the family.
This post was edited on 4/23/12 at 11:06 pm
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