Posted by prawn farmer on June 01, 2015 at 18:37:45 from (107.77.87.120):
Fellow approached me 3 years ago and wanted to rent some ground. We settled on a cash rent figure and drew up a self renewing contract with a provision to (in writing) adjust the rent rate up/down and possibility add more acreage in the future. Two years ago he spread about 2 tons lime per acre. He has had continuous beans and last fall he drilled wheat and it will be ready in another 2-3 weeks. He had urea spread about a month ago. His rent was due in February and I've called several times asking about it and asked and what his plans for 2015 were since he has a wheat crop on me and hasn't paid anything. He informed me that he can't pay rent this year but "might be able to pay some" from his wheat crop check that is currently on me. I'm going to talk with an attorney in the morning about a crop lien so I can have at least some income off the that ground and try to find someone to plant beans after the current renter combines his wheat. What is fair - 1/3, 1/2, total rent, shares of the wheat crop? Should I consider some of the lime residual from 2 years ago?
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