What is a fair price to rent farm ground?
Below are several buttons which will link you to the AVERAGE price per acre of rentable farmland, by county, based on the USDA National Ag. Statistics Service. Several factors can adjust this price from the base average though! Consider the land history. Has it been in crop production for years? Do you have data on past yield? How much fertilizer or lime has already been invested in the soil? Has it been well maintained and weed free? This information can raise or lower the price. Is the land fallow and will require alot of work, inputs, and money by the renting farmer? Is there access to buildings? Irrigation? Easily accessible? This factsheet can help walk you through some of the factors that go into pricing your land or negotiating a fair price as a leasee.
Ag Lease 101 helps both land owners and land operators learn about alternative lease arrangements and includes sample written lease agreements for several alternatives. Ag Lease 101 was created by and is maintained by the North Central Farm Management Extension Committee. Click on the Lease Publications heading at the bottom of the page.
Additional Farmland Rental Resources
Links to farmland rental resources.
MORE information on land rent, including tools to calculate rates and determine factors affecting land rate can be found here.