Land rents needs some advice

Ok. Piece of land jsut about 1/3 mile from me could be available for rent, however due to high taxes in the area, the owner would like close to $100 an acre. The ground is level, a little rocky in a few spots but not bad, one of the fields is light soil, the remaining(larger of the total acreage) is pretty decent heavier soil. Most land I have now I pay from $25-$55 an acre( all non irrigated) in 2 counties, but in my county all the land I rent/own is on one section, renting it will put me in two sections, and possibly 3 (looking for enterprise units to save $$ on RA) if I get another piece I am after( cheaper rent though). It seems like high rent , but when I read what others are paying I feel I need to take into account what I would be paying per acre on average of all the land I rent, plus figure in the reduction of crop RA premiem's. It also is in an area that would qualify for soil conservation programs, and I beleive it is in DCP. I want to grow, it's close, I have alot of chicken manure to cut down costs, so corn would be failry profilable on average years, but beans would be hard to make it profitable on a poor year. Just wopndering what some of you think, or have done in this situation. I am spreading out and land is very hard to get around here. Owner and myself are gonna think about it for a couple weeks, he had mentioned doing it on shares, some thing I havent done before, is that a better option?

I don't know what the land you are looking at will produce, but I wish I could find some for them prices. In my area in western ohio you won't get any rented for less than $200.00 per acre

Don't know what part of minn you are from but renting on shares used to be 60-40 around here with renter and owner sharing fertilizer,and herbicide 60-40 and crop is divided 60-40at the field or grain elevator.
It is much easier to pay cash rent then dividing gov payments ,fert bills, etc if you can find a fair figure.
I've been on both ends of the stick over the years and at this stage of my life am renting the land out. If you are in a spot where the land taxes continue to go up you can expect cash rent to go up too.The last couple years cash rent has gone up a lot around here.

440 next to me goes for $100 plus per acre. If we don't get a rain every week, the ground gets white enough to blind you. 100 bu corn is a good year. 20 miles to the north of me it's going for $500 plus. Heard some reports the last couple of days that the corn is not making 100. Figure that out.

You are up a bit in the land of sandy ground, shorter corn, and earlier frosts I think?

Down here in the southern part of the state you don't get to think about it a couple weeks - it's gone the next day if you you don't say yes when asked.

Shares used to be common back up into the 70's and maybe 80's a bit. As mentioned 60-40. But Social Security issues have pretty much ended that around here. As well the farm program makes for more paperwork, and forced sharing of the payments on a crop-share. Nothing wrong with it, in a bad year or drought up there could save your bacon, you deal with more weather risk (dry) up there. I'd consider it, depending on the terms of what gets shared.

The problem on the cash rent is when your other landlords hear you are paying $100 an acre, they will want that too. Human nature. And - they will hear....

--->Paul

Brother just lost some ground our family has farmed for 49 years. New owner wanted 60-40 and he not have any expenses. Poor ground. Brother said he couldn't make it work.

640 acres farm just south of me rented in Jan 2009 for: a thousand dollars an acre then and you get to farm it for three years. So they front paid $333 per acre plus interest. The funny thing was that there where five bids and the drew them out of a hat to see who got it. One of the bidders is shut off by the bank. No more rented ground over two hundred and fifty.