Yep, no need to worry about his loss on return. I'm sure he didn't need the $500...... why we are at it why pay him anything???
Have you ever heard of profit??? Google it, its when you spend money to make money. Not paying the farmer for the yield is taking money DIRECTLY from his pocket.
I get that he is even by doing this, but why on earth would anyone in their right might let that kind of money sit in the field? If that's the case, why would he bother planting that acre at all?
Why because there is a good relationship between them. The question was what is fair, making it so it was like he didn't have that acre and cost in the first place is fair in my book.
And that's why this is a difficult question that only those two can truly come to an agreement. Fair to me is the field average that he's in combining already plus at least seed costs which is pretty minimal for an acre of beans. Sent from my XT1080 using Tapatalk
and why I always make these types of agreements before ground is broken.... Still I think it is fair to say most guys are gonna want something for the crop loss. Heck I've paid to have entire fields planted in something that the farmer didn't really want to plant. I paid the costs associated with getting it into the ground, he got the harvest. We both were happy.
That would be most fair to the farmer, but what about the owner, it should be fair for him also. What they are ending up with is basically, the farmer planted him a 1 acre foot plot. How much do people pay a neighboring farmer to come in and plant a plot for them?
$500 for a 1 acre plot of beans IS fairly cheap honestly.... good luck even finding a farmer who has the time to come plant a 1 acre plot for you.
Understood, which is why I asked how much. I've never paid a local farmer to plant a food plot. If I was the farmer, I'd expect the person to cover the cost and a little extra for my time. Comparing it to me fixing computers. I can make $100/hr working on somebodies computer. But when I am doing a favor for a friend or neighbor, my rate changes considerably.
To me, the problem with your argument is this was not pre-determined. The farmer probably already calculated that acre harvest into his budget. He may have bought some new tools or hired help for a day or two accounting for the total harvest, not 1 acre less. Before hand I would agree with your logic. Now that it is grown and almost ready for harvest and the farmer is thinking he has the whole field worth of income, your idea of "fair" is off a little.
Standing soybeans, how much are they worth? That is the title to the thread, not how much does it cost to plant and acre of soybeans. OP, I'd be curious to know how it works out for ya?
Typically the profit per acre is around $60-75. So if he paid him the average cost per acre yield, or paid him back expense invested plus a little extra. The result is going to be pretty close either way.
We came to terms on it today he wants to lease my land for another 5 years at the same price as the last 5. Leases per acre have gone up considerably in the last 5 years in return he will leave 1 acre stand for me every year for the next 5 years. I think we both walked away happy.
