Document Type

Other

Publication Date

3-1-2002

Keywords

pasture, land management, rent rate, rental value

Extension Number

ExEx 5019

Department

Economics

Description

One of the more difficult decisions facing two parties in a pasture rental situation is determining the rent rate. Pasture rental charges often are based more on tradition than on a logical decision-making process. The rate must be deemed “fair” by both parties before a rental arrangement can be made. Several factors generally influence the rental value of pasture. Many of these factors are not directly related to the value of the available forage but to services and facilities which may or may not be present and/or provided by the landowner.

Comments

Updated March 2002.

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