What's the going rates for pasture rents these days?. Since we got out of cattle we have rented out our pasture lands, we provide bundles of posts as requested for fence repair but do no fixing ourselves. I know the fence upkeep has value, but what's others paying for something like this? We haven't raised renting in a long long time and want to be reasonable.
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What is far more important is to get the right tenant that knows when to stop having their animals graze it. Do you have one of them? I find that factor can go a long way to accepting a steady, marginal income off marginal, one use land.
Otherwise, it can feed nature's herd.
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Originally posted by checking View PostWhat is far more important is to get the right tenant that knows when to stop having their animals graze it. Do you have one of them? I find that factor can go a long way to accepting a steady, marginal income off marginal, one use land.
Otherwise, it can feed nature's herd.
I am looking for what others are paying. Got 2 other cow herds right beside the land too.
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Originally posted by jamesb View PostYes been that way for the 20 years and I can work up most of it and grow an "0k" crop if its managed right.
I am looking for what others are paying. Got 2 other cow herds right beside the land too.
So, would you be happy with oil field rental formula increases over a three year term. They amount to 16.6%.
I guess I would never know what is tolerable, if I never asked the people that love their livestock that chew on my property. People do come and go even at $25/acre.
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One point of view.
If you can make a $100 / acre profit from a crop (after all expenses, including opportunity costs). That is what I would expect as rent. If the land is not suited to a crop, then a benchmark of Animal Units per acre would be developed (based on local values and knowledge of the land / history).
Maintenance of the fence is to the benefit of the renter. You don't need a fence to produce a crop. All maintenance costs for the fence would be paid by the renter.
There are a lot of details required for use and care of the land, those should be included in the lease contract. That would be a business focused decision.
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TYPICAL FARMER NON ANSWER dont want anyone knowing their business, as if that matters .I charge 1$/day 1 cow calf ,should be more but it has been a tough go the last few yr ,this yr is a lot different in prices for calves ,I am figuring on off loading the fencing to the renter this yr. I keep the numbers down so there is good grass ,and he makes most of my hay on a share basis then buys my share.
Cost of keeping dughouts cleaned is getting expensive so may have to work out a deal on that unless he wants to put in a solar watering system.
I rotate the cows on pasture but thats because I like to go quading in the evening and when they are in the right place I just have to open a gate into next pasture.
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