Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Grasses, Pastures & Hay
Pasture Lease Advice
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="DetectDave" data-source="post: 255996" data-attributes="member: 4276"><p>Well, I crafted a lease that I got from FarmDoc, a website run by the U of I Extension Service that I felt met both of our needs. I have offered to lime the property at an average of 8 tones per care and provide the herbicide for the initial burndown of the 5+ acres that the tenant is going to start with. I did not offer the lease to the former tenant as he has expressed that he has no interest in maintaining the fields other than to mow and bale them. I have proposed that the lease run 3 years at the tenants request but would easily make it 5 if he wants. My plan was to have him keep all profits until his equipment is paid off. I might note that he is buying the equipment back from a friend to whom he sold it a few years back. I estimate the buyback cost at somewhere around $2500-3000. He has readily offered to provide balance sheets of expenses and profits and I proposed a 1/3 -2/3 crop share following the point where he comes out into the black. The expected yields here are approx 4.5 tons per acre and he plans to plant by months end. I have offered to help w/ sale and delivery of the hay and we would count my expenses for same against the profits as well. I hope that this will help him get the start that he wants with the ultimate goal of him starting a new cattle herd. He has or will have plenty of storage for small squares and my previous tenant will custom round bale for us should we choose to do so. I have made these decisions after careful consideration for my neighbor/friend, from all of your input, that of my brother who is a commodities risk manager, and my local crop production specialists. Our relationship is sound and I look forward to help him get a start and perhaps a few dollars profit for myself. Thanks to all of you. I've been around farming as a hired hand and owner all my life w/ limited exposure to alfalfa w/ the exception of baling so I am pretty excited about our undertaking.</p></blockquote><p></p>
[QUOTE="DetectDave, post: 255996, member: 4276"] Well, I crafted a lease that I got from FarmDoc, a website run by the U of I Extension Service that I felt met both of our needs. I have offered to lime the property at an average of 8 tones per care and provide the herbicide for the initial burndown of the 5+ acres that the tenant is going to start with. I did not offer the lease to the former tenant as he has expressed that he has no interest in maintaining the fields other than to mow and bale them. I have proposed that the lease run 3 years at the tenants request but would easily make it 5 if he wants. My plan was to have him keep all profits until his equipment is paid off. I might note that he is buying the equipment back from a friend to whom he sold it a few years back. I estimate the buyback cost at somewhere around $2500-3000. He has readily offered to provide balance sheets of expenses and profits and I proposed a 1/3 -2/3 crop share following the point where he comes out into the black. The expected yields here are approx 4.5 tons per acre and he plans to plant by months end. I have offered to help w/ sale and delivery of the hay and we would count my expenses for same against the profits as well. I hope that this will help him get the start that he wants with the ultimate goal of him starting a new cattle herd. He has or will have plenty of storage for small squares and my previous tenant will custom round bale for us should we choose to do so. I have made these decisions after careful consideration for my neighbor/friend, from all of your input, that of my brother who is a commodities risk manager, and my local crop production specialists. Our relationship is sound and I look forward to help him get a start and perhaps a few dollars profit for myself. Thanks to all of you. I've been around farming as a hired hand and owner all my life w/ limited exposure to alfalfa w/ the exception of baling so I am pretty excited about our undertaking. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Grasses, Pastures & Hay
Pasture Lease Advice
Top