There is definitely a market for connecting farm renters and land owners. Retiring farmers are tending to hold onto the land asset and cash rent it to other farmers. Another trend is that farm renters are willing to farm across greater distances and not just from neighbors that they have known for 30 years. All of this has inspired the Veurink family to start RentThisLand.com back in February.
Shaun Haney chatted with Shannon Veurink at the London Farm Show.
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On of the neat features of this site is the ability for renters to not just search and filter by location and acre amounts but also by more in depth features. Bidding renters pay a $20 fee to bid. When the land renter receives five bids they are notified and then can make a selection. The chosen bidder pays a 1.5% commission to RentThisLand.com.
Getting good matches between renters and landowners is more than just the price per acre. RentThisLand.com seems to be off to a great start in developing a way to bring farmers and land owners together wherever they may be based on the characteristics that matter to each party.
The site just started so as the listing increase the value of the resource for renters will become greater. Give the site a try and let us know what you think.