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Farmland Leases 101

March 16, 2013
By: Sara Schafer, Farm Journal Media Business and Crops Editor
 
 

The following information is a Web Extra from the pages of Farm Journal. It corresponds with the article "Beyond a Handshake." You can find the article in Farm Journal's 2013 Early Spring issue. 

 

Farm Journal Pulse: Leased Land Percentages

 

In farming today, leasing land is a popular and profitable option. But, what is the common ratio of rented versus owned land? According to a recent Farm Journal Pulse, only 10% of the more than 1,400 respondents own all their land. Slightly more than 40% rent more than 60% of their acreage.
 
Here are the results:
What percentage of your acres do you rent?
  • 1-20%: 13%
  • 21-40%: 13%
  • 41-60%: 20%
  • 61-80%: 22%
  • 81-99%: 11%
  • 100%: 10%
  • None: 10%
     
 
Click the map below to see how people responded:
PUlse 3 6 13

 

 

 

Ag Lease 101 helps both land owners and land operators learn about alternative lease arrangements and includes sample written lease agreements for several alternatives. Ag Lease 101 was created by and is maintained by the North Central Farm Management Extension Committee. Visit the site at www.aglease101.org.

 

Shannon Ferrell, Oklahoma State University agricultural economics professor, provided the following answers to questions about farm leases:

What are the common farmland lease arrangements farmers are using? Why are these types more popular?

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FEATURED IN: Farm Journal - Early Spring 2013
RELATED TOPICS: Farm Business, Land

 
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