We just purchased our 2 acres last October and are getting ready to start our flock, but we're thinking ahead to the possibility of a few small breed cows or maybe a couple of horses. Our neighbor to the north operates a 120 acre hay farm. One of his fields is immediately adjacent to us-its about 10 acres including some woods. We are thinking of approaching him with the idea of leasing the land from him for use as pasture, but we have no idea where to start as far as establishing what a fair price would be. Below is a satellite photo which shows our property in blue and the proposed lease in yellow. Of the 9.8 acres we could fence a little over four. We are located in Hunterdon County, NJ. I did find NASS data for a neighboring county that pegged a price of $160 per acre for cropland usage, but I'm not clear on whether that is per year or per month? https://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Cash_Rents_by_County/ I'd appreciate any guidance anyone can give. Some of you might wonder why we wouldn't just try to buy it. The farm has been preserved meaning the development rights were sold to the state and a perpetual deed restriction is put on the property that will allow only farming. It is very difficult if not impossible to subdivide preserved farmland.