Posted by paul on June 29, 2012 at 12:14:27 from (76.77.197.57):
In Reply to: Renting Farm Land posted by greenmachineman on June 29, 2012 at 07:42:22:
Location, quality, size, and shape of fields all play into the worth of the land.
Is it sandy, to owet, clay, hills, flat, well drained..... Good land is worth top dollar in your neighborhood, poor land is worth 1/3 of that. So you have to know what it is you have.
Bigger fields tend to be wotrth more, as it's worth divingtogo farm it. Small 5-20acre plots are harder to work, takes more fuel to drive there than to actually farm them.
Small or irregular fields that follow tree lines, curved roads and ditches, etc. are worth less, as it's hard to manuver equipent in them, you overlap and drive over stuff, spend all the time turning around instead of actually working. Big rectangular 80 with no obstructions is worth a lot more than 5 fields along a pond, around a farm yard, and with a grove in the middle, even if it totals 80 acres all together....
Your local Extension office or an ag banker should have the local rental numbers, then you have to adjust that number to fit your dirt and field types.
You are not in the heartland whererents go 300+, youare probably more in a $150area, but your land & field shapes willmodify that....
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