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Changes in Pasture Rental Rates

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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Kathy Voth
Kathy Vothhttps://onpasture.com
I am the founder, editor and publisher of On Pasture, now retired. My career spanned 40 years of finding creative solutions to problems, and sharing ideas with people that encouraged them to work together and try new things. From figuring out how to teach livestock to eat weeds, to teaching range management to high schoolers, outdoor ed graduation camping trips with fifty 6th graders at a time, building firebreaks with a 130-goat herd, developing the signs and interpretation for the Storm King Fourteen Memorial trail, receiving the Conservation Service Award for my work building the 150-mile mountain bike trail from Grand Junction, Colorado to Moab, Utah...well, the list is long so I'll stop with, I've had a great time and I'm very grateful.

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