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Started By
Message
need some figures from farmers
Posted on 3/31/13 at 4:37 pm
Posted on 3/31/13 at 4:37 pm
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.
just an estimate please.
6
Posted on 3/31/13 at 4:58 pm to oldcharlie8
Impossible, too many variables
Posted on 3/31/13 at 5:01 pm to yellowfin
Plant in all in soybeans for one.
Posted on 3/31/13 at 5:02 pm to yellowfin
quote:
Impossible, too many variables
This. Most notably is the variance in market pricing.
Posted on 3/31/13 at 5:46 pm to oldcharlie8
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.
Posted on 3/31/13 at 6:17 pm to prostyleoffensetime
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.
Posted on 3/31/13 at 6:40 pm to oldcharlie8
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.
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.
Posted on 3/31/13 at 6:45 pm to TIGRLEE
quote:
Do the cash rent if your farmer will agree.
Guaranteed money.
And keeps everybody satisfied.
Posted on 3/31/13 at 6:59 pm to prostyleoffensetime
Yep.
Posted on 3/31/13 at 8:39 pm to TIGRLEE
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
Posted on 3/31/13 at 9:32 pm to oldcharlie8
What parish?
Posted on 3/31/13 at 9:48 pm to WmWallace
Not really.
100 plus is the norm.
That's assuming this farm is productive and not a gar hole.
100 plus is the norm.
That's assuming this farm is productive and not a gar hole.
Posted on 4/1/13 at 7:12 am to oldcharlie8
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?
Posted on 4/1/13 at 8:14 am to TIGRLEE
quote:
Just get him to pay you cash rent.
100-125$ /acre is fair.
Posted on 4/1/13 at 10:08 pm to oldcharlie8
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.
Posted on 4/1/13 at 10:49 pm to prostyleoffensetime
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.
Posted on 4/2/13 at 8:37 am to oldcharlie8
Do they crawfish it?
Posted on 4/2/13 at 9:19 am to yellowfin
Could also lease it out to duck hunters during season
Posted on 4/2/13 at 11:48 am to oldcharlie8
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
Posted on 4/2/13 at 11:53 am to Broke
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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