Soybean Field land Rental $$?

It can vary wildly depending on the location.

What's the locale?

ETA: Is it a cash rent or portion of crops?

It's like 10 acres in the pan handle of florida somewhere outside P cola. we've been leasing to him for like 40 years and probably haven't changed anything. No one has thought to pay any attention to it till they realized that property tax was almost equaling the cash flow from leasing the land.

I realize property value could be drastically different but I think I've got a start. I think the family' is leasing the land straight up for cash for like 3k with no share in the profits- which I thought sounded a little low.

I'm not at all familiar with this, can gain sharing be a better option? Or do farmers not like that and run off?

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I'm not at all familiar with this, can gain sharing be a better option? Or do farmers not like that and run off?

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That is also regional, but most farmers would rather do a percentage of the crop as it is a little less risk to them.

The rate is stupid low, but the problem is the amount of land you own. Most farmers wouldn't farm 10 acres if you gave it to them for no rent at all.

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?

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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.

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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.

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I didn't know 10 acres was so little. I guess it's a hassle to move equipment and all that.

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Yeah. It depends on the crop, but 10 is way too small for anyone to pick up for farming, unless they are already farming next door (and even at that, I don't know if it would be worth it).

The problem is: You have to take time to segment off both costs and production. An average rice farmer farms around 500-1000 acres where I am from. that's 50-100 10 acre plots. If you move up to wheat, it's nothing to have 2000-3000 acres. I would imagine that they wouldn't want to deal with anything less than a couple hundred acres.

A lot smaller lot is acceptable with cash rent instead of percentage of crops because you don't have to keep track of everything, but it's probably not worth someone moving their equipment any significant distance for 10 acres. It would take less than an hour to harvest, and would probably kill a couple of hours in transfer time during harvest if moving more than 3-4 miles.

ETA: Soybeans are more like wheat in the amount of effort it takes, so it's more reasonable to use them for a reference group.

ETA 2: I agree with the other guy. 20% of crops is standard in SWLA rice farming.

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It's like 10 acres in the pan handle of florida somewhere outside P cola. we've been leasing to him for like 40 years and probably haven't changed anything. No one has thought to pay any attention to it till they realized that property tax was almost equaling the cash flow from leasing the land.

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I'd look into selling to the farmer. 10 AC is just too small to have any value other than for development or flip.

No way my husband would ever pick up just 10 acres unless it butted RIGHT up to a field that he already farms.

And I ** think ** that he works an 80/20 deal or 75/25 if there are other things like landowner paying for well/pump repairs or has a set of bins that we "rent".

About to plant beans here ... and I'm praying that the weather cooperates.

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No way my husband would ever pick up just 10 acres unless it butted RIGHT up to a field that he already farms.

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Hmm. Yea I had no idea that those small plots aren't even worth fooling with. So I found out the official numbers today, our share is 3 acres, and we are charging $260 per year.

So I don't know what to make of this. Would it be potentially better for us to just grow timber? (and I'm acting like that's an easy thing to do- which it won't be)

greenhead, no clue ... I'm just the farmer's wife who makes sandwiches during harvest! I truly try to stay away from the decision making processes ... I know MORE than I WANT to know.

He starts talking finances, and I walk away!

Good luck!

Ok ha that just goes to show how clueless I am. It's an f'ed upon situation. Land was passed down with the promise to never sell. Each kid has a stake (3acres) etc and I don't feel like communicating with family to plant timber or change anything. whatever, I'm not gonna worry myself with it. Farmer Dave is just gonna keep on getting a good deal.