Posted by jacksonduper on April 14, 2015 at 05:53:10 from (216.56.27.162):
Good Morning,
I have a question for you guys as I don't know the answer. I have rented hay ground and baled some hay on shares in the past but I haven't planted new fields in a shares situation and I'm trying to come up with a fair deal for everybody involved.
I have a new neighbor that has moved in and wants me to establish a new hay field on a 8 acre parcel that was in soybeans last year. It will be 100% my equipment to work and plant the land and my equipment to harvest the hay. In this type of situation who would pay for the seed and fertilizer. I was thinking he would pay for the seed and fertilizer and I was get a share of the hay when I used my equipment to bale the hay. Like I said I'm new to this type of thing and I don't want to screw myself or the new neighbor.
He also wants me to establish a new hayfield on a piece of ground that has not been worked in 10 years. He said he would pay for the fertlizer and Lime to get the land back up to appropiate nutrient levels. This again will be me plowing, working, and planting.
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