Rent land

[Mike SWMO]

Acquired 9 acres of land a couple months ago. I want to rent it to the farmer next door who has Several farms in the local area.
I'm sure my best option is just go talk to him but was wanting to learn how farm land is rented out. By the acre, by the crop produced. I have no idea. General information greatly appreciated

 

[FarmHand]

Not sure where you're located but here's some info on land values by state: USDA - National Agricultural Statistics Service - Charts and Maps - Land Values

Lease rates are anywhere from 2% - 10% per year but you've gotta figure if they aren't asking for it you'll not be expecting top dollar.

 

[Ken Sweet]

Acquired 9 acres of land a couple months ago. I want to rent it to the farmer next door who has Several farms in the local area.
I'm sure my best option is just go talk to him but was wanting to learn how farm land is rented out. By the acre, by the crop produced. I have no idea. General information greatly appreciated

150-250 per acre here in central Ky depending on how the land lays and soil type. Be sure to figure on reseeding after the lease is over if going into grain? Cattle running on pasture maybe $5 per head per month. Ken Sweet

 

[Sam Oglesbee]

It really depends on the location, the soil, etc.... YOu can talk with a farm management company to get an idea on rates from them, or there is a website (www.farmleasepro.com) that lets people list their land for free now too

 

[Wildlife]

Is there also someone renting there land close by to you for better idea.
If renter going to grow crops ask if pesticides and fertillizer will be use accordingly,last thing you want to deal with contaminated water.

 

[Chickadee]

I believe land is rented out by the acre. I know that if you rent it out for crop farming, you can charge more than if you're renting it out for pasture. How much your land will yield as well as the land's condition will also determine how much you can charge for it.