Illinois Lease of Land for Pasturing and Grazing of Cattle

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US-00977BG
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Description

In this form a landowner is leasing land to another for the pasturing and grazing of cattle.

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FAQ

A farm lease is a written agreement between a landowner and a tenant farmer. Through a farm lease, the landowner grants the tenant farmer the right to use the farm property. Key terms of basic leases include the length of the lease, rent amounts and frequency of payment, how to renew or end the lease, and more.

Stocking Rates in Texas vary from 1 cow per acre on heavily managed pasture in the Eastern portion of the state to 1 cow per 150 acres (4 cows per section) in the Trans Pecos Region of the state.

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 purchasing property.

Cash lease rates are generally listed as per acre or per head, although a flat fee could be utilized as well. For example, a landowner leasing 100 acre pasture to graze cattle could structure payment as $10 per acre, as $5 per head, or $1,000 per year.

For Texas, the average lease rates for 2020 are: Irrigated cropland: $95.00 (up $3.00 from 2019) Non-irrigated cropland: $30.00 (No change) Pastureland: $7.00 (up $0.20 from 2019)

For Texas, the average lease rates for 2020 are: Irrigated cropland: $95.00 (up $3.00 from 2019) Non-irrigated cropland: $30.00 (No change) Pastureland: $7.00 (up $0.20 from 2019)

Cash lease rates are generally listed as per acre or per head, although a flat fee could be utilized as well. For example, a landowner leasing 100 acre pasture to graze cattle could structure payment as $10 per acre, as $5 per head, or $1,000 per year.

With regard to native pasture, the state average rental rate of $15.42 per acre has held steady when compared to the 2018 survey-based rate of $15.33. Native pasture rental rates were lowest in northwest Oklahoma at $12.13 per acre and highest in north-central Oklahoma at $18.71 per acre.

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Illinois Lease of Land for Pasturing and Grazing of Cattle