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Message: <blockquote data-quote="Hirschkopf" data-source="post: 4095480" data-attributes="member: 50724">One way for a farmer to take all the vacation the family wants is to rent the land to an operator through a management company. When my mother passed, my sister and I inherited some Kansas crop and pasture land. We converted all of the suitable pasture land to production acres. After a few years, we decided to let Farmers National Company manage it. The fee is reasonable: $600 yearly base and 10% of all income. For that, they find/manage a contracted operator, replace them as needed (just happened), pick the best lease terms (we do 1/3 crop share), advise on farming practice, deal with the paperwork for government contracts and insurance programs, provide all accounting needed for tax preparation, and market the grain. Worth every penny to me!  Overall, my sister and I split about $25 to $70 of net income/acre/year depending on yield and grain prices. One is not going to get rich at that rate and it would take careful management by an operator to survive on twice that, as they pay for the equipment and fuel costs.Given the right property; perhaps one with a home-site for the owner and some areas of wooded draws and a pond or two for family hunting/fishing, and the majority suitable for pasture or production, rent or crop share from on operator could cover the mortgage payment or a fraction of it. And, the owner could vacation - as long as somebody is taking care of any animals.</blockquote>

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