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Changes in Pasture Rental Rates

By   /  October 31, 2016  /  Comments Off on Changes in Pasture Rental Rates

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David Widmar of Agricultural Economic Insights says that “2016 will be marked as the year cash rental rates began to decline at the national level.” But while that’s true at the national scale, he notes that “it’s important to keep in mind conditions often vary at the state and county levels.”

He draws these insights from the USDA’s National Agricultural Statistics Service (NASS) which just released it’s latest figures on cropland and pasture rental rates across the country. In this table he shows the national trend over time:

pasture-rental-rates-trend

But those declines vary greatly depending on where you live. The map below shows the differences in pasture rental rates across the U.S. In Nebraska (down 16%), South Dakota (down 11%) and Oregon, the declines are greatest. Meanwhile, pasture rental rates have actually increased in other states (shown in green).

pasture-rental-rates-trend-map

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If you’d like more information on how to figure out what you should pay or charge for pasture rental rates, here are some popular On Pasture articles:

How Much Should You Pay to Lease Pasture?

Pasture Rental Rates: Doing the Math Part 1

Pasture Rental and Use Rates: Animal Units and Profit Sharing

Pasture Rental Rates: Conditions That Affect Prices

 

 

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About the author

editor and contributor

Kathy worked with the Bureau of Land Management for 12 years before founding Livestock for Landscapes in 2004. Her twelve years at the agency allowed her to pursue her goal of helping communities find ways to live profitably AND sustainably in their environment. She has been researching and working with livestock as a land management tool for over a decade. When she's not helping farmers, ranchers and land managers on-site, she writes articles, and books, and edits videos to help others turn their livestock into landscape managers.

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