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Veteran Advisor
Posts: 4,311
Registered: ‎02-11-2013
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Funny

Noticed the university extension comes out
Cropland lease rates.
I had to laugh....rates for one year in the teens,
Then 30 to 40 an acre.
They have this idea of "equal equity"....they caculate
How much the land is worth vs the value of equipment.
That theory comes up with some interesting possibly.
If you have a farmer with older, used equipment,
He should pay more, than the fellow with brand
New equipment.
The theory never made sense to me, but then
Again, I never had new equipment...but should
The landlord pay for your equipment.
Interesting...the true rates were just about
Double the theory rates