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| I sure would appreciate some ideas, suggestions, opinions on what would be the best course of action to take with respect to cash rent out a number of pastures I have available ranging in size from about 25 acres on down to about 5 acres.
These fields are bottom land flat fields near a large creek. In the past the fields have been used to hay production. Some of the fields are newly fenced in entirely with high tensile electrified fencing and others are partially fence in this manor due to recent CRP induction. Some have water readily available and some don't.
I guess what I am trying to say is that I would like to rent out the pasture for winter grazing with the provision that once the pasture is eaten down; the livestock (horse and or cows) MUST come off so as not to ruin the field for the next season's hay production (if this is even advisable or possible). The fields are for the most part covered in cool season grasses just above ankle high. I suppose there are 2 ways to approach this one being restricting the grazing to 1 animal unit per 4 acres or graze what the renter has until the forage is eaten down the the minimum acceptable level.
I am new to this as I am more geared towards forestry. Am I being realistic in my approach to this? What would be a reasonable cash rent to ask in my area if I have the renter fence any remaining open areas? I figure similar fencing is worth $1.50 - $2 per foot.
I have been in contact with my Ag Extension agent and researched as much as I can on this subject but there does not seem to be many hard and fast rules or procedures to follow. From what I have read, the average cash rent for pasture such as mine is about $21 per acre.
What is not clear to me is whether this rent amount assumes well fenced in pastures with readily available water.
I am sure I have missed some considerations to take into account.
I would like to make this a continuing rental each winter and make it a good thing for both the renter and myself to help make the place pay for itself as much as possible. A good primer on this subject would be greatly apppreciated especially from folks who have rented out or rented pasture such as this. Thanks in advance.
Edited by WRnSWTN 12/7/2007 12:04
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Cash Rent For Winter Pasture
