Getting the Most From Your Farm Land Lease
It can be difficult to put a monetary value on your property, especially when you’re trying to sell it. “How much should I list my home for?” or “What could my car sell for online?” Even pricing items for a garage sale proves difficult for some of us. Objectively pricing an item that you have put your own money into is an opportunity to get that money back, or hopefully, to MAKE some on your initial investment. But that can be a difficult value to not only determine, but stick to. While you want to be fair to others, its important to be fair to yourself! Today we are going to dive into objectively pricing rent for farmland leases and how to make your investment work as a landowner to not only maintain but GROW your income. As we get into the mid to late summer season this becomes more relevant, many farmland leases are negotiated for the upcoming crop year during the late summer months. So here’s a simple question, how do you know if you are getting the proper lea