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PASTURE RENT

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Phil H
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PostPosted: Fri Dec 20, 2019 1:40 pm    Post subject: PASTURE RENT Reply to specific post Reply with quote

I am going to rent our pasture out for the season, but I was wondering if there is a good rule of thumb to use for rent price. I rent per head per day, and limit the number of cow calf pair to keep from over grazing. The season starts when we get enough rain to water the cows from a run off pond, till the end of May. In the past, I look what hay is going for and cut that number in half, to be fair to the person who wants to rent the field. All fencing is taken care of by me and the person who rents has full access to come and go. Would like to raise the rent price a little at a time, approx. 3% every 3 years. Does this sound fair? Any thoughts.
 
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paul
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PostPosted: Sat Dec 21, 2019 12:50 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

Pasture historically costs 45 cents a head per day.

The problem from the producers side of things is that wholesale food prices do not go up. Farmers need to make any inflation up with better efficiency, more grain or meat per acre.

You want to charge 1% inflation per year. Beef prices are as likely to fall as much as go up any year to year.

The farmer needs to improve the amount of beef he can get per acre by fertilizing better, adding fence to mob rotate graze, improve the forage with reseeding, or otherwise improve.

If you aren?t doing anything to improve the pasture along with the farmer, that soon makes the pasture rent unaffordable.

Certainly a difficult situation for all. You have to look at why your land should be worth a bit more every year. If you own a building in town, you will re roof, repaint, keep up to new building codes, more people will be coming to that shopping center, and other improvements will happen to make the building worth more rent over time.

The pasture land, you likely get more taxes assessed over time and you have the yearly fence cost, but what is improving the pasture to make it worth more?

Paul
 
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paul
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PostPosted: Sat Dec 21, 2019 12:58 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

Where I live the snow doesn?t leave until April or maybe May, the grass doesn?t start growing until May, you wouldn?t want to start grazing until May 15th. If someone charged me half the price of the hay, I would sooner make the hay, bale in first week of June and again in August, and leave you half the hay.

You must be in a very different climate to stop with grazing or hay in May, so what I view as normal for pasturing might be very different than where you are.

Paul
 
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PostPosted: Sat Dec 21, 2019 3:10 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

In my area landowners rent by the year usually Feb 1st to Feb 1st was how I rented when I was renting several farms.Some landowners set a price,some put it out for bids
let the market set the price.If you get a good renter you can work with them on a long term basis,if you get a bad one they're gone in a year.Grass starts growing here in April and I still haven't fed the cows any hay since I had a couple fields with stockpiled Fescue. Will start to feed soon though.
 
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Phil H
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PostPosted: Sat Dec 21, 2019 9:08 pm    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

Yes, I agree. I am improving the pasture each year, I remove all the trees that take up space, clear all the brush. This last year I have spent nearly $1200.00 in herbicides to kill the brush and the star thistle. That doesn't include the cost of diesel to clear the brush and remove trees to open the pasture. The taxes have gone up nearly 5% and the pasture rent doesn't come close to even paying for the herbicide let alone the taxes on the land. I want to keep the renters but I just can't keep sustaining a loss to improve everything without some return. That is why I was using the cost of hay to get some kind of value for pasture rent.
 
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Phil H
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PostPosted: Sat Dec 21, 2019 9:22 pm    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

I never thought about putting it out for a bid. I don't think people know how much it takes to improve pasture. Taking care of a pasture isn't free, and when you work at improving things then there has to be some return or it isn't worth it. I'm not trying to make a living at renting pasture but it has to pay for itself.
 
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Phil H
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PostPosted: Sat Dec 21, 2019 9:51 pm    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

I've never seen hay $1.50 per bale. A 1000 lb cow will eat about 100 lb in 3 days. A 100 lb bale of wild hay mix will go for $8.00 to $12.00 per bale but you could cut that by about 50% if you raise it (MAYBE) that still leaves a lot more than $1.50. per bale or .45 cents per day per head. In my neck of the woods, things just don't add up. At .45 cents a head per day I wouldn't even open the gate. I would do something else with the land to make it pay. Like raise feed for the cows that people want to graze on pasture.
 
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1370pwr in ne
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PostPosted: Sat Dec 21, 2019 10:33 pm    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

Here in Nebraska the pastures we rent go for an average of 300dollars a season which is 150days. This is cow and calf pair. The calf is around a month old when going into the pasture. Pairs go onto grass around May 15th and come off around October 15th.
 
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paul
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PostPosted: Sun Dec 22, 2019 3:03 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

I?ve never seen hay over $10 a bale, until the last few years didn?t see it sell for $5 a bale ever.

Often see round bales sell for $30-35.

Just different places different deal. Grass hay is mostly a waste product made from road ditches and areas too wet to farm in spring.

Glad to hear how things are where you are.

Paul
 
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PostPosted: Sun Dec 22, 2019 6:40 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

That's a lot of money,with cattle prices where they are I can't see how there is any money to be made.
 
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Phil H
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PostPosted: Sun Dec 22, 2019 6:42 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

Sounds like it is about the same for us, just the growing season is shifted. I was renting for just about exactly what you are saying is the average, where you are. I just couldn't sustain the cost of improving everything without passing some of the cost on to the renter. It is a fine line, but it will benefit both me and the renter. I like to keep the same renter each season, but it does cost to improve the pasture, and maybe I can get to where I can plant some triticale and run the cows in a little earlier and even increase the number of pairs. I think I can then cut and bale the triticale after the cows are out for the season, then sell the bales. There is a mountain lion around though, not sure if it will be a problem, but it will be another thing to deal with. May have to get someone with dogs to hunt it down if it is a problem. thanks for the comments.
 
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Phil H
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PostPosted: Sun Dec 22, 2019 6:46 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

I know, but giving away pasture isn't the answer, just have to make it worth while.
 
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Phil H
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PostPosted: Sun Dec 22, 2019 6:59 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

Have a neighbor a few miles from me that raises alfalfa to sell to a lot of dairies, even some in other states. He has real good quality alfalfa, with very little of any other grass mixed in. I am not sure what he gets for it, but he makes a living at it, and gets around 6 cuttings a year, not 3 like in Colorado where I am from.
 
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Bruce from Can.
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PostPosted: Sun Dec 22, 2019 7:31 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

Not much pasture land rented near me, land is too valuable to rent for row crops, anywhere from$100.00 to $200.00 per acre. Most pastures are more marginal land, with thin topsoil, or hilly rough terrain. There is a community pasture a few miles away, were the topsoil is thin and best suited to grazing. I understand it is mostly young cattle on the pasture. They are weighed in and weighed out, and the renter pays so much per pound of gain. I have no experience with this myself. The pasture manager looks after the livestock.
 
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SVcummins
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PostPosted: Sun Dec 22, 2019 10:37 am    Post subject: Re: PASTURE RENT Reply to specific post Reply with quote

25$ a pair a month
 
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