The two sides of greed are one huge problem that's getting out of hand with cash rent these days...the greed of the guy trying to rent so he can have more acres, and the greed of the guy renting it out just going after the absolute highest price he can get. I was working on renting 400 acres for this year, started negotiating in July of last year and finally quit in November. It just turned into a pissing matching and I'll admit I was the last guy to bow out. But it started out the landlord wanted a 3 year lease then someone offered a 5 year so that's what he wanted all of a sudden. I said I'd do a 5 year and lock in a price for 3 years and then the last two years would be negotiable based on grain market values. He didn't like that, basically told me then if grain prices tank then he's screwed on rent going down. Well no **** buddy, but I need to protect myself too. Especially considering the price was getting pretty high and I had to take care of the repairs on the pivots and motors (Central Nebraska).
Most of my rent is shares at 60/40, and the only thing I pay 100% on is seed and cost to irrigate. Landlord owns the pivots and motor and takes care of repairs. And honestly I think that's the most fair of any deal around this area.
But I ended up not getting the ground and I got to see first hand what greed will do to a man. And a man that already has more money than anybody knows what do with already. He'd rather rent it to some Joe Blow that lives 50 miles away that he doesn't know, had never met, etc but came in and offered the highest price vs renting it to someone just down the road that he knows over a matter of a few hundred bucks. In the end I'm glad I didn't end up with it because the guy that farmed it before mined all the nutrients out of it and only fertilized when he put anhydrous on for corn and left it in horrible shape. And the price was getting high even for ground that was in good shape.