I thought this may be a good place to ask as I know we have some farmers and landowners here.
For FARMING purposes only:
What are you paying/recieving on a per acre basis for tillable ground?
What are you paying/recieving on a per acre basis for pasture (if anything at all)?
How is the contract structured? A fixed price no matter the yield? Or is it yield dependant? (more crops=more money for landowner)
What area are you in?
Do you also lease to hunters?
The reason I ask is we have a 150 acre property mixed with woods, pasture and tillable ground where the lease price to the farmer hasn't changed in over 17 years. The farmer unfortunately passed away and we are negotiating a new contract with a new farmer.
I'm sure things have changed quite a bit so let me know if you have any insight on contracts.
Any help or additional thoughts would be appreciated.