I lease my field out to a farmer and I would like him to leave a 50 yard wide by 100 yards long stand and I want to know how much money it's worth. I don't want to low ball and insult him but I also don't want to overpay...
Call your local Co-op and see what the local beans are gonna bring this year. Then talk with your farmer and decide how many bushel he figures that'll add up to.
What Tacklebox said but instead of paying him out of pocket, why don't you just knock a little off the top of the lease next year?
Depends on the yield and price of beans.....when he starts harvesting he can tell you the yield per acre and the price at the elevator.
50x100 is a little over a tenth of an acre. Depending on what the beans run..usually around 35-40 bushels an acre (at least around here the do). So that figures to over 4 bushels. Local price is $8.50. So figuring high at 5 bushels @ $9/bu is $45. That actually seems kinda low but that's with all my local (ND) averages. And if I figured correctly..haha. Sent from my SM-G900V using Tapatalk
did you lease it to him based on a per acre number? that strip would be just over one acre so whatever you are charging him per acre pay him back that much.
LOL um no, So the farmer should eat his costs and sacrifice his potential return on those cost??? Seriously, it wasn't free to plant those beans, farmer has direct costs and overhead. Fuel, seed, fertilizer, bought a tractor or drill lately? They ain't exactly cheap lol
Yes you are right..it is a little over an acre. 40 bushels/acre at $9 would be $360. Sent from my SM-G900V using Tapatalk
LOL ok, haven't farmed much have ya... and what about his loss of income? The seed alone would come in just shy of $50, maybe $45 depending on what he is planting(for just the acre he wants left standin). Do you know what it cost to have the Co-op come out and spray / fert??? Probably had both done on his beans. Fuel and over head?? Not much huh? that drill and new John Deere he is likely running probably totals $200K lets not even talk about his cutter, oh and he'll be needing a semi to haul them beans to the Co-op..... sheesh These deals are usually best worked out in advance before planting time....
The coop would still have to come out to spray the rest of the field so he would still have that cost, he would still buy the tractor and everything else. One acre isn't going to change that. Not to mention the beans could still be harvested later so the crop isn't a waste.
You should pay full going rate on his yield, exactly what he would get at the elevator. PERIOD Unless and agreement was reached prior. As in you agreed to pay costs to plant and gave him a break on lease price and he agreed, which does not sound like what happened here... Sorry to rant Seems everyone wants something for nothing these days, tends to piss me off... but I digress
An Acre...hmmm that'll cost ya if you want to pay market value. Don't offer him anything just ask him what he thinks is fair...I mean its your land and that lease is up eventually...having a farmer that will work with you on that stuff like that is worth a lot. I bet he'll hook you up...if not and if he's a real stickler business guy then next time the lease is up reconsider who gets your lease. Next time prior to the season get an agreement that he'll leave you an acre or what ever...offer to buy the seed and subtract the acreage out of the land rent. Soybean seed is pretty cheap. I'm sorry but the fuel costs to him probably isn't that much to have him plant that acre for you when he is already out there planting.
You just don't get it to ya? It still ALL remains a factor into him planting and harvesting that crop!!!! Expecting him to take a hit of even a few hundred dollars is unexceptable. Harvest later???? hahahahahaha yep ok palleeeaaassseee. There is a reason crops are cut when they are, I wont even go into the deer factor. I'm done on this thread. Best of luck OP
Yes harvest it later, sure there is some loss to deer, but he is still getting to harvest the crop and getting the cost of the acre back. Putting him ahead. I am surrounded by farms and watch farmers specifically leave crops for hunting and return later to harvest them.
