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the tribune thursdav march 13 1969 page 15a renting farmland becoming a common practice by d a mcarthur centralia college of agricultural technology more land is being rented each year in on tario there are several reasons rapidly spiral- ing prices are making land purchase more di fficult and impractical in many cases there are more absentee landlords now who wish to rent their farm properties renting land is a natural way to take advantage of the trend to greater mechanization and ex panded crop production often the necessary ex pansion in a farm busi ness can be better ach ieved by renting some land rather than purch asing an entire farm one big problem in cash renting is the am ount of the rent how much should the land lord charge how much can the tenant afford to pay each should have a satisfactory return to the resources he is sup plying there are three main techniques of approxi mating a cash rent the market cost and in come approaches the market approach is based on local inquiry ie the cash rents that are being paid on com- parible properties farm record data also provide information on cash rents the cost approach is most useful where structures are a large part of the real estate first establish a cash rent for the bare land suppose its 15 per acre or 1500 for 100 acres then add the own ers costs for deprecia tion interest repairs taxes and insurance the thumb rule for these items is to charge 12 percent of the original cost as the annual cost if structures are valued at say 8000 12 percent annual cost is 960 the income approach calculates total value of production and the val ue of all the tenants in puts the residual in come is considered the cash rent this method is excellent if accurately done however it re- quires considerable knowledge of direct costs and other input values such as tenant labor in general it appears that cash rents are often about 30 percent of the value of crop production this figure can shift downward by 10 percent or more depending on the degree of risk faced bv the tenant make it an easy spring keep prus 3afely stored 41gh in your medicine chest m council on family health j quality products smithroles power bin cleaner moves 600 bushels per hour the smithroles 180 welder pays for itself after only a few welds and repair lobs smithroles drill fil and fertilizer mover the smith roles compressor correct air pressure can save you money in tire replacement 5 smithroles welders all sr products plus the farmers intercom available from sr comet farm supply murray e jones l rr 1 ashburn ontario 6495201 talpark ford choose the ford body that best meets your cargo requirements ford has a better idea for i r u onehand tailgate latch double wall hood sections onehand hood latch rollededge body sides steel tailgate or rubber covered support chains flattop wheel housing convenient running board styleside spacious styleside pickups available in 6i- and 8ft lengths give you sleek styling with body side panels extended forward to hug the contour of rear cab corners cargo box features include doublewall side panels and tailgate flattop wheelhousings sturdy stake pockets and an allsteel floor a single center latch mechanism opens tailgate quickly and easily and only one hand does itl steel support straps hold tailgate in open position see table at right for availability flareside pickups come in 614- 8- and 9ft lengths body construction includes running boards between cab and rear fenders for easier overtheside loading and seasoned hardwood floorboards with steel skid strips to help you slide cargo into place rubbercovered forged steel chains support the tailgate when open toggletype latches maintain tight seal when tailgate is closed heavygauge steel side panels with flared sides have rolled edges for extra strength and rigidity talpark motors ltd- mabkham hwy 7 at laidlaw blvd 2941500 2971982