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Owners are required to use the HUD model lease which includes terms normally covered by leases used in the housing rental industry plus terms required by HUD for the program under which the project was built and/or the program providing rental assistance to the tenants.
The national average to lease dryland for crops is down $2 from last year to $124 per acre, per year. The cost to rent non-irrigated crop land has increased $22 since 2011. The cost to rent pasture for livestock decreased 50 cents nationally this year to $12.50.
Cow costs and pasture values. Cow costs have increased about $260 per cow since 2007 while land values increased $320 per acre. That's roughly a $1-to-$1 run over time.
Pasture rent may range from 1.5 to 2.0 percent of market value. For example, pasture with a sale value of $3,600 per acre will rent from $54to $72per acre ($3,600 × 1.5% to 2.0% = $54to $72).
When renting land for grazing cows and calves, the most common option is a cash rent by the acre. Since the productivity of land varies across properties, a more equitable arrangement is to base the rent on a rate per animal unit of carrying capacity.
Cow/Calf Pairs: $825.00-$975.00. Feeder Steers: 300-399 lbs $165.00. 400-499 lbs $115.00-$153.00. 500-599 lbs $122.50-161.00. 600-699 lbs $137.50-$148.00. 700-799 lbs $122.00. 800-899 lbs $117.50-$131.00. 900-999 lbs $110.00.
The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year. The United States pasture value averaged $1,400 per acre, up $30 (2.2 percent) from 2018.
When renting land for grazing cows and calves, the most common option is a cash rent by the acre. Since the productivity of land varies across properties, a more equitable arrangement is to base the rent on a rate per animal unit of carrying capacity.
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