farmerjan
Well-known member
We are paying an average of 20-30 per acre per year for pasture. That is with good fences and water. Have paid 1,000 year for a 90 acre place that we did all the fence work/repair. The fences were "wish they were there" type of fences on part but that was wooded and the cows had nothing to go looking at. Pasture is hard to find and we have lost 2 places to sales of the properties. One we had for 25 + years. Every area is different, and every deal is different. You HAVE to take into account what you are responsible to do.
Try talking to your county extension agent. They are usually up on the going rates even if they don't know of any available. And if you are approached, or know of a place coming up, don't advertise that you are looking at it to lease. There is always someone who will come and slide in under you and offer a little more and then in a couple of years, after they have used it up and run it into the ground, then it will be available again. Then it is worth ALOT LESS because you will spend years trying to get it back into nice shape. We have 3-5 year leases on most places. Many we start out with a 1 year to make sure we get along with the landlord and it is a good fit. Sometimes there are places that you just want to get away from. A 1 year lease allows both to get to know what the other will do, etc., and lets you get out of it if it isn't working with not alot of investment of time in it . A couple of our 1 year deals have evolved into long term things.
Try talking to your county extension agent. They are usually up on the going rates even if they don't know of any available. And if you are approached, or know of a place coming up, don't advertise that you are looking at it to lease. There is always someone who will come and slide in under you and offer a little more and then in a couple of years, after they have used it up and run it into the ground, then it will be available again. Then it is worth ALOT LESS because you will spend years trying to get it back into nice shape. We have 3-5 year leases on most places. Many we start out with a 1 year to make sure we get along with the landlord and it is a good fit. Sometimes there are places that you just want to get away from. A 1 year lease allows both to get to know what the other will do, etc., and lets you get out of it if it isn't working with not alot of investment of time in it . A couple of our 1 year deals have evolved into long term things.