I can remember when haying on the shares was a 50/50 deal - but IMHO, times have changed.
I don't think 50/50 is necessarily a square deal - if it's one sided - you pay all expenses and split evenly the yield.
I think you look at the cost of doing business, wear and tear on the machinery, lime/fertilizer, etc., diesel, twine and whatever taxes you have to pay - like income tax, etc. if you are selling the hay and labor. Once you get that overhead out of the way of the way, then maybe whatever's left over might be split 50/50.
In my mickey mouse hay operation where we sell everything. Half of the $$$ are donated to a good cause - my Dad to help him with the taxes on the place and the other half set aside to help with my kid's education expenses (and some pocket money for them too). The one thing I don't want to do (as much as I love and respect my Dad) is have him winding-up with more $$$'s for the split than the guy making the hay, providing the equipment and labor - so we factor in the above expenses and then make the split. It's fair and everyone's happy.
BTW - I get nothing financially out of the deal - nor do I want it - except I am the one in the tractor's seat while the field hands (my boys) are loading the wagon... ;-) Life's good when you are driving a tractor - right?????
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: 1951 Farmall H - by The Red (John Fritz). I have been a collector of Farmall tractors since 1990 when I first obtained part of the family farm in Eastern Indiana. My current collection includes a 1938 F20, 1945 H, 1946 H, and the recently purchased 1951 H. This article will focus on what I encountered and what I did to bring the 1951 NEAR DEATH Farmall H back to life.
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.