Renting your acreage for animals
Radio interview source: Tim Eggers, Extension field specialist/farm management, Iowa State University
If you've got several acres of pasture with nothing on it, chances are a local farmer might be interested in renting it. Since having livestock on your land poses a liability, however, it's important to have the proper legal documents -- including a lease -- drawn up first. Listen to today's show for the scoop on different types of agreements, and learn how to determine a fair but profitable rental price.
Learn more about renting your pasture land:
Pasture lease: Print out a fill-in-the-blank pasture lease to use as a legally binding document, or as a starting point for talking with a potential renter or your lawyer.
Establishing a fair pasture rental rate: Since there is not a commercial market for pasture, determining the price often becomes a matter of bargaining. Supply and demand is probably the most important factor in determining the price. Here's what you need to know to ensure a fair deal.
Land rents are moving targets: Find links to several university and government publications about renting land, including worksheets and spreadsheets to help you choose a lease type.
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