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Post by harryman on Jun 2, 2015 12:18:13 GMT -5
I recently inherited two farms one 220 ac and the other 1500 ac. I'm a farmer myself and have 400 ac that's half woods. Now my question is if and I mean if a lease would be in the future how much would be a fair price.my 400ac I owned for years I leased out at $8 ac to cover my taxes and had a lawyer draw up a contract not responsible for accident or injury.
That got my fence cut and ruts in my field although there's a gravel private rd through the land and gated so only lease could get in.
Now the problem is the new farms are to far for me to hunt myself and farm. I leased farming rights to fields but kept all hunting rights. I have control over fields leased them out $2 ac so they don't get over grown.
So what is a fair price to you my taxes are ruffly $8 ac between field's and woods combination and divided.
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Post by firstwd on Jun 2, 2015 12:36:59 GMT -5
You leased farm ground for $2 an acre? Someone truly loves you.
Why would you lease farm land at 100x lower than a decent rate, but want to lease hunting ground for 4x the farm ground rate?
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Post by Jamie Brooks 1John5:13 on Jun 2, 2015 12:58:56 GMT -5
Just let the fella know what a fair rate is.
I'm clueless harryman, but it sure would be nice to have your problem. You'll have no problem leasing any of it.
What part of Indiana is the land?
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Post by harryman on Jun 2, 2015 13:31:18 GMT -5
Well its to far to farm myself along ohio river and I'm not trying to take advantage of anyone. If you farmed yourself you would know if you don't farm a land it gets overgrown and costs alot more to get back to good ground. plus the farmer that has the lease is in trouble financially so doing the right thing and helping him out. He lost his wife and a daughter. Had to quit his full time job to raise 3 other children himself.
I belive in helping people. My land here at the house I hunt and let two youth hunters have it to themselves during firearm season with their father's so they have a safe woods.
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Post by Jamie Brooks 1John5:13 on Jun 2, 2015 13:37:49 GMT -5
Well its to far to farm myself along ohio river and I'm not trying to take advantage of anyone. If you farmed yourself you would know if you don't farm a land it gets overgrown and costs alot more to get back to good ground. plus the farmer that has the lease is in trouble financially so doing the right thing and helping him out. He lost his wife and a daughter. Had to quit his full time job to raise 3 other children himself. I belive in helping people. My land here at the house I hunt and let two youth hunters have it to themselves during firearm season with their father's so they have a safe woods. I tip my hat to you harryman! Any act of kindness is a wonderful thing! I'd love to hunt it, but lost a lot of money as I'm now disabled. I think there's some good hunting out there, and you'll be able to get what you want. |
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Post by Jamie Brooks 1John5:13 on Jun 2, 2015 13:38:36 GMT -5
Well its to far to farm myself along ohio river and I'm not trying to take advantage of anyone. If you farmed yourself you would know if you don't farm a land it gets overgrown and costs alot more to get back to good ground. plus the farmer that has the lease is in trouble financially so doing the right thing and helping him out. He lost his wife and a daughter. Had to quit his full time job to raise 3 other children himself. I belive in helping people. My land here at the house I hunt and let two youth hunters have it to themselves during firearm season with their father's so they have a safe woods. I hope you join us and post often. |
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Post by harryman on Jun 2, 2015 13:39:06 GMT -5
Some land also gets tax breaks for different wildlife programs. Just want to break even on rest of taxes. I could be a greedy farmer and sell for a housing project but I'm not looking to destroy every piece of woods.
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Post by Jamie Brooks 1John5:13 on Jun 2, 2015 13:41:57 GMT -5
Some land also gets tax breaks for different wildlife programs. Just want to break even on rest of taxes. I could be a greedy farmer and sell for a housing project but I'm not looking to destroy every piece of woods. This is wonderful! |
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Post by js2397 on Jun 2, 2015 14:44:27 GMT -5
If you enroll it in classified forest or crp the tax rate is $1 per acre. What county is the land located?
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Post by jimstc on Jun 2, 2015 15:29:31 GMT -5
Go here: www.basecampleasing.com/land/hunting-lease.htm. I lease land through them. They represent land owners and hunters who lease the land. I am sure you will pay them a fee but they also provide to you a $3 million liability insurance policy and provide the leasing contract. If nothing else, you can see the leases and the prices. Disclaimer: I have no financial interest or benefit derived from this recommendation. |
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Post by Jamie Brooks 1John5:13 on Jun 2, 2015 15:31:11 GMT -5
Go here: www.basecampleasing.com/land/hunting-lease.htm. I lease land through them. They represent land owners and hunters who lease the land. I am sure you will pay them a fee but they also provide to you a $3 million liability insurance policy and provide the leasing contract. If nothing else, you can see the leases and the prices. Disclaimer: I have no financial interest or benefit derived from this recommendation. I'd hate to see him go through an agent. The price will get marked-up, and out of range for a guy like me. |
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Post by jimstc on Jun 2, 2015 15:35:26 GMT -5
Jon, your opinion is not necessarily factual. Are you in the market for leased land? If so, check this site out. Very affordable leases. Or go trying knocking on doors and getting a lot of answers that are "NO" when you ask to hunt a farm.
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Post by harryman on Jun 2, 2015 15:38:14 GMT -5
There is some already in the CF program and watershed program. I'm not a fan of crp or getting paid not to farm.mostly Jefferson co. I would rather it be a working farm hay and crops. It was put in the Class forest program 20 yrs ago on the woods and it will stay as long as I have it.
Just trying to make up for the taxes on fields since I rented out lower than the taxes cost plus the hunter would have access to the fields.
I should also mention I inherited this but not a family member of the former owner.i was friends of the farmer and fished with him 10 yrs before he passed he and his wife decided to leave it to me without my knowledge they put it in the will. After he passed I helped her find a farmer to plant and made monthly trips to check on her. My brother-in-law and sister lived a few miles away they checked on her often and drove her to store etc. She was 78 she passed away 10 months to the day of him.
It still bothers me she would say I'm close to going but I want to see the fall one more time. She passed in November a day after all the crops were in.
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Post by firstwd on Jun 2, 2015 16:18:14 GMT -5
How much of the 1720 acres is wooded? Any water sources or wetlands? Old growth hardwoods,cedar, or pine? Has it been logged and when?
There is a lot of questions that need answers before an accurate number can be derived.
Good on you for helping a guy out. If you find yourself looking for a different farmer, let me know. Depending on actual farming acreage, I can hook you up with someone more than willing to pay fair market prices.
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Post by Jamie Brooks 1John5:13 on Jun 2, 2015 16:48:04 GMT -5
Jon, your opinion is not necessarily factual. Are you in the market for leased land? If so, check this site out. Very affordable leases. Or go trying knocking on doors and getting a lot of answers that are "NO" when you ask to hunt a farm. My experience is limited, but just figured when one is making a living selling leases, one would have a significant increase in price to pay all that is involved in owning a business and making a profit. |
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Post by jimstc on Jun 2, 2015 17:32:24 GMT -5
Jon, your opinion is not necessarily factual. Are you in the market for leased land? If so, check this site out. Very affordable leases. Or go trying knocking on doors and getting a lot of answers that are "NO" when you ask to hunt a farm. My experience is limited, but just figured when one is making a living selling leases, one would have a significant increase in price to pay all that is involved in owning a business and making a profit. Jon, I am not being rude, but if you have no experience in an area, then why make an uninformed comment? The leasing business benefits landowners and hunters. Many comments on this forum lament the lack of private land on which to hunt. Leasing companies solve the liability and legal costs. They deserve a price for that. Get educated on the subject and you might change your mind. I don't mind paying for someone else doing the legwork to find the land, providing the liability insurance and to act as the go between the landowner and me. |
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Post by M4Madness on Jun 2, 2015 18:00:04 GMT -5
I am good friends with a landowner who has enlisted that same company to lease various farms, and they can't seem to get the ground leased. One of the properties is listed at close to $6000 and I've hunted it for free numerous times and wouldn't give $1000, let alone $6000. I think two of the farms leased for one year, and I'm sure the reason that they weren't renewed was that the land didn't meet their expectations. I'd be willing to bet that the landowner gets nowhere near the leased amount. I could ask the landowner myself and probably get an answer as to percentage, but it's none of my business.
I'm under the impression that landowners in Indiana are protected from lawsuits by injured hunters, so why have liability insurance to begin with?
IC 14-22-10-2.5
Restrictions on landowner liability to hunters, fishers, and trappers
IC 14-22-10-2.5
Restrictions on landowner liability to hunters, fishers, and trappers
Sec. 2.5. (a) A person who goes upon or through the premises, including caves, of another:
(1) with or without permission; and
(2) either:
(A) without the payment of monetary consideration; or
(B) with the payment of monetary consideration directly or indirectly on the person's behalf by an agency of the state or federal government;
for the purpose of hunting, fishing, trapping, or preparing to hunt, fish, or trap, does not have an assurance that the premises are safe for that purpose.
(b) The owner of the premises does not:
(1) assume responsibility; or
(2) incur liability;
for an injury to a person or property caused by an act or failure to act of other persons using the premises.
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Post by Jamie Brooks 1John5:13 on Jun 2, 2015 18:08:41 GMT -5
My experience is limited, but just figured when one is making a living selling leases, one would have a significant increase in price to pay all that is involved in owning a business and making a profit. Jon, I am not being rude, but if you have no experience in an area, then why make an uninformed comment? The leasing business benefits landowners and hunters. Many comments on this forum lament the lack of private land on which to hunt. Leasing companies solve the liability and legal costs. They deserve a price for that. Get educated on the subject and you might change your mind. I don't mind paying for someone else doing the legwork to find the land, providing the liability insurance and to act as the go between the landowner and me. No Jim, I don't think you're being rude at all. I'm sure it's a good deal for people making money on it, and people who can afford it. I can't say that it's a totally uninformed comment when it's a business doing the leasing and a business has to make money to stay in business. Since they're not leasing a million properties a year, I would expect a rather large profit margarine. The assumption would be that it's cheaper for one not going through a leasing company. If it's not, someone isn't going to be in business very long. My comment was just that I'd like to see a little guy get it ...and the little guy I'm talking about needs to get it as cheaply as possible. |
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Post by Deleted on Jun 2, 2015 18:16:45 GMT -5
Jon, you do have a point. The leasing companies do take a cut of the profit and therefore that obviously inflates the lease prices. By far, the best way to go is to lease one on one with the landowner, as I have been extremely fortunate to do for 16 years now. However, those kinds of situations are getting to be hard to find so, in many cases, the leasing agents are the only option for those who dont have the time or contacts to find a suitable lease on their own.
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Post by jimstc on Jun 2, 2015 18:20:45 GMT -5
m4madness, Ok, but why the lack of private land to hunt? Are you going to take your statute quote to the landowner who looks at you like you are from Mars? Perception and reality are quite often two different things.
Umm, wonder why there are so few unleased IN properties? The market sets the price. If a landowner is convinced to have unreasonable expectations as to the value of the lease, then shame on him. $6,000 for a $500 lease value, whose fault is that? Get real and understand the value of a lease and that is pointed at the landowner not the leasing company. The leasing company objective is to maximize the value of the lease. That doesn't always coincide with the value of the lease.
The liability issue is like belts and suspenders. Personally, I'd rather have the insurance policy and the obligation of the insurance company to defend clams against me rather than a statute and me bearing the cost of litigation. Just sayin......
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