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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.
The rental rate per acre is from $25 ($100 per ton x 25 percent x 1 ton per acre = $25.00) to $37.50($100 per ton x 25 percent x 1.5 tons per acre = $37.50).
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