The Brussels Post, 1974-04-03, Page 29to W. 6. Thompson & Sons Limited •
Mitchell
on completion
of their
our Mitchell facilities to serve you faster and better Tony Bouw See Us For Beans, Seed Grain, Wheat, .Seed Oats, Malting Barley,
Mixed Grain, Fertilizer and Weed Sprays
Free Draws Daily
Free Coffee and Donuts
G. THOMPSON & SONS LTD.
Mitchell Ont Phone 348--8433
Bill GOos
!Y.
.7 7
be about $45 per acre. It must be remembered that ,these values will change from farm to farm as well as with the suitability of the soil for production of different crops, Another method of calculating a fair cash rent is to estimate the income you- expect to obtain from the crops to be grown on the
new
the other hand, he obtains the profits from increasing crop returns. To avoid any misunderstandings both parties should work together to arrive at a cash rental rate that is fair to the lessee and the landlord. Well-prepared leases make foi• better working relationships and better farming.
facilities
Lnrough a. rental agreement these owners are relieved of the- problems of operating th., farm.. There are several ways of arriving at a fair cash rental' figure. The first method is to calculate the cash rent as a percentage of the market value of the land, With; increasing: land prices-it may be difficult to- agree- on what the land is worth. The' land value must be based- on its market value as agricultural land, not an inflated value based on urban development. --When the market value of the land has been determined, many owners expect a return, of 6 to, percent of the market value. A. second method of determininglandrental rates is to consider the landlord's- cost in owning the- land. The landlord should get enough- rent to pay the .taxes,, repairs to, fences, drainage systems, and. other maintenance costs such as repairs_ and insurance on buildings if any are involved in the rental. agreement. Also, the landlord needs fair return on his investment_ There Ounce-Of Gold
In South Africa some 2% tons
of rock must be processed to
produce an ounce of gold and a
sliver of silver.
Called_ On The Carpet?
What can happen_ if you're
always being called on the
carpet? Answer: You're apt to
have a rug pulled out from under
you.
Somebody
Wants What.
You Don't Need!
SELL .
Through
Huron
Expositor
Classified.
Want- Ads
CIL
C anadian
industries Limited
Ingersoll Ont