Renting/Leasing Tillable Land

[Cabin Fever]

Whats the ball park average one could expect to get for renting or leasing tillable land to farmers for various crops per acre? Curious how much it would generate to put towards taxes or land payment? All hypothetical...

[HectorBuckBuster]

Alot has to do with the soil type. I rent my farm out and was getting $35 per acre, then 2 years ago I had person that was farming in Weschester County and moved up to my area and was looking for land to rent. He gave me a up front offer of $70 per acre. So I called the current farmer as his lease was up and gave him first refusal and he matched that offer.I also had another farmer stop me and said he would rent my farm anytime. I have a couple of things going for my land as 1 - it was right next to the current farmers land, so no travel to get to it, and 2 - there is 167 acres all attached in one block that can be farmed.  I know in Cayuga County they where getting around $60 a acre just for pasture land.Also I have it stated in the contract that payment is to be received by a certain date, because of taxes. If my taxes are not paid by this date, I get a penalty and that cost me money. Also I do not live on this property so I run it as a business. Also if you get a lease you need a 5 year lease to get the Ag assessment for taxes , but need more then 7 acres. The larger the acreage you have the better the contract you can get.

Edited October 14, 2014 by HectorBuckBuster

[First-light]

I get 20 bucks an acre in Steuben county. Helps out big time on the taxes. One thing to watch that you just don"t lease to any old farmer. Know the guy a be sure he puts back into your soil what he takes out. I love the guy we lease to he is always offering me something or just plain old help if I needed it. 

[sampotter]

Geez- we are paying $100-125 and acre here in Cayuga county. My fiancée's father turned down $350/acre in SE MN last year, wishing he hadn't this year.

[HectorBuckBuster]

Sampotter, Cayuga County has lost of big dairy farms that could be driving the price's up. I seen a auction for Iowa and they where paying $350-$500 per acre.

 

 

[growalot]

A few years ago they had what was called "the corn wars"..farmers were snatching leases away from each other and I heard a 100.00+ was gotten by some..I know a whole lot of vacant land went into corn And has been for 3-4 years....not sure if ppl new to this did not stipulate in the lease that their properties were to be restored to good fertility at the end of lease...

[Doc]

 Slight side-step off the topic, but ...... Something that I always wondered was why the state doesn't rent out some of the tillable land on state wildlife management lands to local farmers for free? ....... instant free food plots for deer and all the other critters. Sounds like a win-win situation for everybody and everything. Looking at the rents posted here on some of this land, farmers would likely jump at the offer.

[sampotter]

 Slight side-step off the topic, but ...... Something that I always wondered was why the state doesn't rent out some of the tillable land on state wildlife management lands to local farmers for free? ....... instant free food plots for deer and all the other critters. Sounds like a win-win situation for everybody and everything. Looking at the rents posted here on some of this land, farmers would likely jump at the offer.

 

They do in Iowa. They also require the farmer to leave a few acres of standing corn as well.

[WNYBuckHunter]

 Slight side-step off the topic, but ...... Something that I always wondered was why the state doesn't rent out some of the tillable land on state wildlife management lands to local farmers for free? ....... instant free food plots for deer and all the other critters. Sounds like a win-win situation for everybody and everything. Looking at the rents posted here on some of this land, farmers would likely jump at the offer.

 

They do, but Im not 100% that its free. Theres state land in Richmond that gets farmed.