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NEMO | "Cash rent was for the Landlord to recieve a fair return on investment in land.The return on Ag land years ago was around 3.5-4% ". When I started farmin in 1986, that same $6000/acre land was bringin $1200/acre tops(had been bringin $3000 or more a few years earlier). Cash rents were $80-100/acre, or about 7-8%. "We farmers" encouraged those cash rentals as much or more than the landlords. that cash flowed nicely back then. You could even buy a farm for less than the cash rent back then(payment/ acres). Dont blame it all on the landlords is my point, many a farmer have looked for investors to farm for under these very pretenses. If you dont believe me look in the Illinois Agnews or any other of the various ag publications. We can be our own worst enemy, we dont need any help fom the outside. | |
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