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Pastureland, at $1,850 per acre, was $350 higher than the previous year. Cash rents paid to landlords in 2022 for cropland increased from last year. Irrigated cropland rent averaged $143.00 per acre, $4.00 above last year. Dryland cropland rent averaged $61.50 per acre, $3.50 higher than a year earlier.
Leasing land to another person for grazing can benefit both the landowner and the lessee. It allows an additional source of income for the landowner and permits the lessee to run livestock on land without incurring the long-term debt associated with purchas- ing property.
Remember, you can see the average lease rates for your county in Texas by clicking here. The statewide average for pastureland was $7.70/acre, which is up from $7.10 last year.