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Coldwater, Michigan | Mike,
I have no idea what the economics of that one would be. You might submit both proposals to them to see which they would prefer. Be fair to yourself in both of the proposals. They may just prefer one way over the next. If this is to be a multi year situation, you should look to rotate which field will be going to wheat. Multi-year wheat is just asking for disease pressures that wouldn't be there in one year wheat. You are too far East to go wheat after wheat, too often. May get away with it one year, maybe not the next.
Your desire to soil test is a good one. Put the pressure on your supplier, or if you take it directly to a lab for your soil test. Some of the labs will turn the results with in a couple of days of receiving the samples. And will post on internet to you. If you can pull the samples you can have the results if you go the correct place.
Gone should be the days when you automatically put 200-300 LBS of 8-32-16, or 9-23-30/ acre going to wheat. Although, without a soil test, knowing the wheat will have the straw baled, I would probably lean heavily to 9-23-30, or a 6-15-40 type material.
A lot of money there, but figure your costs, and propose from there!
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A different kind of cash rent situation
