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Roger Odoardi. Reviewed by: Roger Odoardi. A land lease, or ground lease, is a agreement in which a lessee owns entities or improvements in a designated area, but doesn't own the actual land. This is popular in commercial properties, beach-front properties and mobile home parks.
Grazing rights is the right of a user to allow their livestock to feed (graze) in a given area.
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.
The statewide average for pastureland was $7.70/acre, which is up from $7.10 last year. The highest pastureland rental rates were reported in Falls County at $23/acre, Wharton County at $21.50/acre, Bowie County at $21.00/acre, and Delta County at$20.50/acre.