FAQ
Find answers to Frequently Asked Questions.
FAQ
Are you a tenant or looking to lease from us? Here are a few common questions you might have. If you still need more information, please contact us.
No, we do not always choose the highest bidder. At Andjelic Land, we consider multiple factors before selecting the right producer for our land. Our priority is ensuring that the producer will take proper care of the soil, as we are committed to the long-term stability and health of our land. We believe that maintaining soil quality is more important than simply maximizing rent, so we evaluate each producer holistically to ensure our land is nurtured and sustained.
Our standard lease length is typically 5 years, providing stability and flexibility for both parties. Lease renewal terms are discussed as the end of the lease approaches, ensuring a smooth transition and continued partnership.
- Carry a minimum of $5,000,000 in liability insurance and name Andjelic Land Inc. as additional insured;
- Submit a Crop Planning Report by April 1 and a Farmland Report by November 15 annually;
- Carry SCIC or equivalent crop insurance, unless otherwise agreed;
- GST is added to the annual rental amount;
- Payment dates will be 50% February 15 and 50% October 15th annually;
This auction is under proxy bidding. If using Proxy bidding, you will enter your maximum bid amount and an automatic increase of $1 will be added every time your bid is surpassed, up to your maximum bid.
Andjelic Land reserves the right to select the tenant regardless of the highest offered rental rate. The winning bidder will be selected based on a combination of factors and not necessarily the highest price. While rental rate is a major decision point, Andjelic evaluates many variables including agricultural practices, land stewardship, farm history, credit history, and reference checks.
The bid amount you place is the net rental rate per acre for the entire package, excluding property taxes. For example, if there are 1,000 acres listed by Andjelic Land and you bid $95, your total annual rent payment will be $95,000, plus any applicable property taxes and any annual increases in property taxes. Andjelic Land will do its best to provide the most recent property tax information to assist bidders in estimating total costs.
The per acre bid value submitted is for the entire package based on the acre amount posted by Andjelic. Posted acres are based on the published SAMA arable acres unless we have improved land and brought on new acres. It is your responsibility to conduct due diligence on the estimated arable acres if you believe they differ from the posted amount and bid accordingly. The number of acres will not be subject to change from year to year.
Andjelic’s lease requires the tenant to pay both the rent for the land as well as the annual property taxes each year. The land rate is fixed in the lease but the property tax amount is subject to variation depending on what the RM invoices for the land in a given year. Please note when bidding that the property tax portion of the rent is likely to be different in each year of the lease. Please reference the information sheet provided when you registered to bid for more information.
If fixed assets (bins, house, shop) are listed on the package details page, they are available for rent at an additional cost. If you are interested in renting the non-land assets, please specify your interest and how much you are willing to pay on an annual basis. If you are not interested in renting the fixed assets, you will not have access to them, and they may be removed from the land as Andjelic is improving the land.
