need some figures from farmers | TigerDroppings.com
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oldcharlie8
LA-Lafayette Fan
Baton Rouge
Member since Dec 2012
4505 posts

need some figures from farmers

i inherited 200 acres of rice/soybean land and i would like a ballpark figure of how much money i should make on rice if i collect 25% of yield from the farmer that will farm my land.

just an estimate please.




yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
75623 posts

re: need some figures from farmers
Impossible, too many variables


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
9241 posts

re: need some figures from farmers
Plant in all in soybeans for one.


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TyOconner
Troy Fan
NOLA
Member since Nov 2009
10262 posts

re: need some figures from farmers
quote:

Impossible, too many variables


This. Most notably is the variance in market pricing.


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prostyleoffensetime
USA Fan
Mississippi
Member since Aug 2009
6931 posts

re: need some figures from farmers
quote:

i inherited 200 acres of rice/soybean land and i would like a ballpark figure of how much money i should make on rice if i collect 25% of yield from the farmer that will farm my land.

just an estimate please.



If all I had was 200 acres, I wouldn't do a percentage because of market volatility.

But if that's what you want to do, take the yield history on the place, multiply it by whatever the September or November 2013 price, multiply by whatever percentage you think you want. That will give you an idea.


WmWallace
Ole Miss Fan
Baton Rouge
Member since Jan 2012
1736 posts

re: need some figures from farmers
I've got a guy planting 150 acres in soybeans for me this year. I'm paying him a management fee up front and giving him a percentage of the profit..lower due to the guaranteed mgmt fee I'm providing.


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TIGRLEE
LSU Fan
Northeast Louisiana
Member since Nov 2009
24554 posts

re: need some figures from farmers
Just get him to pay you cash rent.
100-125$ /acre is fair.

I'm not up to speed on rice yields but with beans you can burn up and not make shite or if watered you can make 40-50 plus yield.
200 acres x 40 bushel is 8k
25% of 8k is 2k
2k bushels x 12$ = 24,000.
Lots of assumptions there.

Do the cash rent if your farmer will agree.
Guaranteed money.


prostyleoffensetime
USA Fan
Mississippi
Member since Aug 2009
6931 posts

re: need some figures from farmers
quote:

Do the cash rent if your farmer will agree.
Guaranteed money.


And keeps everybody satisfied.


TIGRLEE
LSU Fan
Northeast Louisiana
Member since Nov 2009
24554 posts

re: need some figures from farmers
Yep.


WmWallace
Ole Miss Fan
Baton Rouge
Member since Jan 2012
1736 posts

re: need some figures from farmers
Seems like a lot an acre..if you can get that it would be a no brainer..but that's a big gamble for that farmer


djmicrobe
LSU Fan
Planet Earth
Member since Jan 2007
1314 posts

re: need some figures from farmers
What parish?


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TIGRLEE
LSU Fan
Northeast Louisiana
Member since Nov 2009
24554 posts

re: need some figures from farmers
Not really.
100 plus is the norm.

That's assuming this farm is productive and not a gar hole.


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oldcharlie8
LA-Lafayette Fan
Baton Rouge
Member since Dec 2012
4505 posts

re: need some figures from farmers
i was just asking for a general figure. i know that the market has alot of variables. but, am i looking at 5000.00 or more like 15,000?



Springfield XD
Member since Feb 2013
1782 posts

re: need some figures from farmers
quote:

Just get him to pay you cash rent.
100-125$ /acre is fair.


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prostyleoffensetime
USA Fan
Mississippi
Member since Aug 2009
6931 posts

re: need some figures from farmers
quote:

i was just asking for a general figure. i know that the market has alot of variables. but, am i looking at 5000.00 or more like 15,000?



If you just rent it out for $100/acre, which is fairly cheap, you're looking at $20,000. This isn't rocket science, man. You're begging for a headache if you're renting out 200 acres of sub par (just an assumption since you say it's rice and bean land) land for a percentage.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
36708 posts

re: need some figures from farmers
Yea dont go percentage on rice and beans. If there is rice, beans will break even over the long haul. And rice ain't so hot on the market right now.


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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
75623 posts

re: need some figures from farmers
Do they crawfish it?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58350 posts

re: need some figures from farmers
Could also lease it out to duck hunters during season


Churchill
New Orleans Saints Fan
Member since Apr 2009
175 posts

re: need some figures from farmers
You would end up with roughly 7,000 dry barrels of rice. Price of rice is say $24 bucks. Minus drying etc. you end up with $21 bucks a bbl. That would give you $36,750


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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
532 posts

re: need some figures from farmers
quote:

Could also lease it out to duck hunters during season


This!

I have family that owns land that is leased out to rice farmers and duck hunters. Land is for farming and the built in ground blinds are leased out for $2,000 to $5,000 depending on size of the blind. Hunters have access to the blinds and are allowed to hunt mornings within a certain time range.


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