If you had 15 acres dry land. I can probably get water out for the animals but not to grow any crops. I think the plan is to use it to raise cattle. How much would you rent it out for? $300 for the year? Seems kinda low to me.
Is it currently in grass or is it cropland? Grass rent and crop ground rent are a lot different....at least in my area.
Natural grazing land here in AZ, even up north where it's more lush, goes really cheap, but then again it takes up to a few hundred acres per AUM per year. BLM land is really cheap per AUM and goes even cheaper. With just 15 acres it sounds like somebody would be using it more as a feedlot and might be willing to pay more than a $1 per head. Is there a way you can find out what non planted pasture goes for in your area so you can get the best price?
Well, it sounds like it won't even support one pair (cow and her calf) for a grazing season so if that's true I'd say $300 is more than most people would be willing to pay.
Quote:x2! x3...at least enough to cover your taxes, but if it's fenced, you might want to consider repairs that may need to be done. Who's going to be responsible--you or the renter?
