Folks, I have 15 acres of land, rolling pasture with a 3/4 pond on it. It's in central NC. Does anyone lease their land out? I have a gentleman that points about 10 cows on it and also collects about 20 of the big bales of hay from it. By mowing, he does keep it maintained for me which I always considered a wash. Does anyone know what lease rates are about for land like that? I, more or less, recover the property taxes on this one... Thanks all!
How much to lease land?
- Thread starter Brianczaw
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Rockbadchild
Elite Member
To me you are on par by getting your tax paid for the lease.
ponytug
Super Member
In my experience, lease rates are highly, highly local. If it were me, I would browse the bulletin board at your local feed store/coop, and FB marketplace, but I wouldn't consider things that aren't local.
All the best,
Peter
All the best,
Peter
paulsharvey
Elite Member
Maybe upto $750/year. Don't know what property taxes are there, or if that covers it; but atleast it should keep you ag exempt.
I've heard of $12/month/acre for Improved pasture, with fence and water, which could be as high as $1700/year; but i don't know how "improved" it is?
I've heard of $12/month/acre for Improved pasture, with fence and water, which could be as high as $1700/year; but i don't know how "improved" it is?
ericm979
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USDA publishes prices for a lot of things including pasture leases.
of course average per state is still a large area.
of course average per state is still a large area.
California
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Common rent here, is enough to cover property taxes plus the tenant maintains fences, repairs to the water supply, grading the lane etc so that its hands off from the owner's perspective.
But in the broader sense here (SF Bay region) land not farmed by the owner, is mostly held as an appreciating asset waiting for conversion to a horsey hobby farm or a rural subdivision. Or in my immediate area, to a hobby elite vineyard intended mostly to impress the owner's peers. I get proposals continually from realtors emphasizing what I could get if I sold. Example below. No thanks, I'm happy with my century-old apple orchard. I'm the third generation to use it as a hobby farm. It's like walking in a park while a vineyard would be boring to walk around in.
But in the broader sense here (SF Bay region) land not farmed by the owner, is mostly held as an appreciating asset waiting for conversion to a horsey hobby farm or a rural subdivision. Or in my immediate area, to a hobby elite vineyard intended mostly to impress the owner's peers. I get proposals continually from realtors emphasizing what I could get if I sold. Example below. No thanks, I'm happy with my century-old apple orchard. I'm the third generation to use it as a hobby farm. It's like walking in a park while a vineyard would be boring to walk around in.
The above is my situation too. I just use the pond to fish. It’s good pasture and the leasee takes good care of it, so we are doing good with it. I appreciate all the advice and tips. We are right in line with everyone’s suggestions. The cows haven’t been in it for 2 years now so the pond looks good. The renter does get some nice feed from it, so I guess it’s a win/win.
EddieWalker
Epic Contributor
I'm renting 40 acres of semi open pasture with three ponds, and a very old fence on it for $15 an acre. I get a check for $600 every year, and he mows it, fixes the fence, cleans up fallen branches, and takes care of the place for me.
The land is 62 miles from where I live, and now I only go there a few times a year. It's a huge relief not "HAVING" to go there all the time to maintain it or work on it.
He also runs cattle on the land, so I get the Ag Exemption on my property taxes, which is a really big deal.
My goal for the land is to let it increase in value until I retire, and then hopefully, sell it for a good profit. Until then, having somebody else take care of it is the best option for the land.
The land is 62 miles from where I live, and now I only go there a few times a year. It's a huge relief not "HAVING" to go there all the time to maintain it or work on it.
He also runs cattle on the land, so I get the Ag Exemption on my property taxes, which is a really big deal.
My goal for the land is to let it increase in value until I retire, and then hopefully, sell it for a good profit. Until then, having somebody else take care of it is the best option for the land.