I farm in two adjoining counties and it really varies as to which one you are in. In one county with more farmers and livestock its a 50/50 split with the land owner furnishing fertilizer and lime. In the other where there are more landowners than farmers its at least 1/3-2/3 with the 1/3 to the landowner (and he furnishes lime and fert). In a lot of cases its an even better deal than that. Unfertilized ground normally the guy cutting it gets it all to mow it. A few people even let you have the hay and pay you to do it (if less than 10 acres I charge 150 to move my equipment there).
As to buying the share, thats usually at or slightly better than fair market value. I do some custom work in the county where I live and have a guy do 60 acres of mine on a 50-50 split in the other with him buying my half of the 2-5th cuttings.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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