frenchie":2appslba said:msscamp":2appslba said:frenchie":2appslba said:It puzzles me why people fiqure they have to own the land they run cattle on.Can you not lease land down there and be better off.I have got some leased land here for next to nothing ,compared to buying it.Not fantastic land ,(9 acres to a pr) but still pencils out to only $9.00 cdn a cow/ calf pair per yr.
Make some money on them cows and get some cash flow started 1st
The biggest problem I can see with a lease, is that the owners can always jerk that lease out from under you. Maybe it will happen, maybe it won't, but if it does, where are you going to go with those cows?
I have a 33yr written lease.I also get paid fair market value for any improvements that I put in as well at the end of it.it also has a formula for rental increase written into it.
You are better protected than a lot, but what happens if the lessor dies? Is that covered as well? Or goes bankrupt? Or gets foreclosed on? You are SOL.