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SC Iowa | I'm looking for different structures for cash rent that involve additional payments based on exceptional gross income possibilties.
Of course it's an extended family deal--if it wasn't this would be easier...the land is currently rented for $25-35 an acre less than could be obtained should you put an ad in the paper and have folks lined up out the door...it's the best ground in the neighborhood..
I'd like to keep a rolling three year lease in place with the renter so he has confidence to keep soil tests up to snuff and not worry about losing the lease on short notice, but I'd also like to protect the interest of the landowner in a volatile ag environment. Would also like to keep the "family discount" intact as well, but that doesn't mean the rate stays at previous levels, either..
Anybody have experience with variable cash rent and willing share??
Ray J | |
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Variable cash rent
