As they do each year, the USDA National Agriculture Statistics Service (“NASS”) has published the cash rent statistics for 2015. The results are obtained by a survey of farmers conducted by NASS.
Nationwide, the survey results are as follows:
- Pastureland: $14/acre (up $2.00 from 2014)
- Non-irrigated cropland: $133/acre (up $3.00 from 2014)
- Irrigated cropland: $209/acre (up $1.00 from 2014)
For Texas, the survey results are as follows:
- Pastureland: $7.50/acre (up $1.00 from 2014)
- Non-irrigated cropland: $29.00 (up $2.00 from 2014)
- Irrigated cropland: $82.00 (down $5.00 from 2014)
In order to view the average lease rates for irrigated cropland, non-irrigated cropland, and pasture land in each of the 50 states, click here.
Remember, I always encourage everyone to get all lease agreements in writing. I have published checklists to help in drafting pasture and hunting leases. For cropland leases, I recommend the resources at Ag Lease 101.
For those of you who might be interested, we are working on a series of grazing and hunting lease workshops that will be held in 2016 in Texas, Oklahoma, and Arkansas. Additionally, there will be a webinar available to all. I will be sure to share additional information on this as it develops.