Belton Ag said:I'm not trying to argue that it's not an amazing deal, just saying that it offers no protection at all for the lessee other than the guaranteed low rate for a set period. It can be terminated at any time, provided the BBC gives written notice. At this point I'd almost bet money it gets terminated soon now that it's come to light. To me that's not really a 10 year lease.cslifer said:
Except with that lease, that we have all seen, there are none. That is a ten year lease. If we were to talk about penalties, let's say it is 5 years of lease payments…$5. I'll take that in a heartbeat. If you were to make the argument it is month to month, it is month to month at 8 CENTS which is also an amazing deal.
Almost every cattle lease is year to year and many have exit clauses like this. Esp near any urban area
Again if this is so bad of a deal then why is the mayors buddy running cows out there?