A little over 10 years ago I rented out about 640 acres for a few years for cow calf pairs. Most pasture rent is per head or pair for the grazing season, rough May 15 to Oct. 15, and maybe prorate daily rate if any are taken out early or late (figure whole season rent rate divided per day). When I quit it was getting to be about $150 per pair for the season if I recall correctly. I haven't looked into it lately as I don't have extra land to rent out, but I heard in a roundabout way it was over $400 per pair here a while back. With land prices, baby calf prices, steer/heifer prices (I've been selling mine for about $1500 to $1600 600-700lb range), I'd think that rate sounds accurate if it hasn't gone up since I heard. Don't know about sheep, not many people have them.
Not the way to do it, but it was for a number of years and I knew the guys. No contract other than verbal, no issues at all. I did the fence, water, they brought salt and mineral and checked about weekly. Drought a few years and I asked them to take some out early, and they did. Couple times strong wind would take down a branch and on the fence, I'd take care of any that got out, etc.
Trading for work done, I'd think that would be a good deal, ...if they know what they are doing and do it right.
I didn't read through this much, but I see some agreements and info here. Whether anything relevant is here, didn't take much time to look, but might be some info at least.
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