Posted by robersw on June 29, 2009 at 05:53:39 from (132.228.195.207):
Well, it just goes to prove that it never hurts to ask.
My cousin's farm has been growing up in the fences with less and less maintenance each year for the past several years. I began putting up his hay about 3 years ago, so the hay fields are in decent shape and the cows have been keeping the pastures clean.
I have asked him at the beginning of each year for atleast the past 3-4 years if he wanted to lease the land. He finally came up to me yesterday morning after church and said he was done with it and he was ready for me to take it over. I am getting it for free for the rest of this year, and will begin leasing it next year. It is less than 1 mile from my house which is on the backside of my parents farm. Dad hasn't leased any land in 15 years or more, and I never have. He said the last time he did, people were getting around $30/acre. I am just trying to get an idea of what to expect.
So, with all of that said, the question is...
What is the going rate, per acre, for leasing land. It will be roughly 150 acres of clean perimeter fenced pastures and hay fields in NE Alabama. The perimeter fences are 5 strand high tensile, that we built probably 10 years ago, but are almost completely grown up. There is no cross fencing. There is a 40x60 hay barn with two 16 ft lean-tos on it. There is a corral and loading chute close to the barn.
Thanks
Scott
This post was edited by robersw at 05:56:00 06/29/09 2 times.
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