land lease do's and don'ts
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Topic: land lease do's and don'ts
Posted By: Rusty Allis
Subject: land lease do's and don'ts
Date Posted: 27 Aug 2021 at 8:10pm
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We have been approached by someone who wants to lease out about 10 or so acres for some animals (pigs, goats, sheep etc) Their current situation is such that the property they had been renting is being sold. So far, the background checks have checked out and they have offered up a bunch of referrals, one being a local guy who I know enough to take his opinion kind of seriously. They come with all fencing, feeders, gates etc so not too worried about that. Some of what they are asking to lease is a bit overgrown, but not too bad....just hasn't been used in a while. Million dollar question.... what is a fair rate? Thinking per acre, per month. We had some offers 'per head, per day' but they never materialized.
We would be supplying water and possibly some "back up" electrical for some solar fencing system they have. We would have a lease written up by a lawyer so no problem there. Just trying to think of anything I may be missing. Don't want to screw them, and don't want to be screwed ourselves either. |
Replies:
Posted By: Michael V (NM)
Date Posted: 27 Aug 2021 at 10:19pm
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Around here cows are $20-25/hd/month, so kinda divide by 4 or 5 for sheep/goats $4-10/acre, so that one varies a lot...now that's for cows,not sheep-goats-pigs.. I'd try and find out what the rate is locally....we always figured 4-5 sheep/cattle pair(cow and calf) Ok,seen your in RI,,that's long ways from New Mexico,,so adjust accordingly... |
Posted By: jaybmiller
Date Posted: 28 Aug 2021 at 6:13am
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Ok, I'll ask... Who is responsible when the animals get out and cause problems ? That better be crystal clear in the 'legal paperwork' ! Say the animals breakout,get onto road, and a young family of 5 are killed..you better make 1000% sure YOU cannot be held liable( failure to maintain a fence,your fence ??? What about neighbours ? Any newer 'citybots' that will NOT appreciate the noises and smells of farm animals ???? You're supllying the water..who tests it, how often, what if it goes 'bad' and gets the animals ? Not saying any of this WILL happen BUT you gotta protect yourself !!! ------------- 3 D-14s,A-C forklift, B-112 Kubota BX23S lil' TOOT( The Other Orange Tractor) Never burn your bridges, unless you can walk on water |
Posted By: JoeO(CMO)
Date Posted: 28 Aug 2021 at 6:54am
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Where do the folks live in relation to the property? Just how good are the fences they will have for their animals? Will the fences stay or be removed should lease be terminated, and will you still have access to the property? If you are a hunter, will you still have hunting rights? Pigs, Goats are opposites for confinement, pigs will dig, goats will scale fences, both are good candidates for stock trailers to be their mobile home, IMHO.
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Posted By: steve(ill)
Date Posted: 28 Aug 2021 at 8:23am
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Rusty, your way out EAST and i know they have different Environmental laws than the mid west... Is their any concern about the WASTE generated, where is it stored, just soaks into the ground, stock piled ? Maybe this is not a big enough operation to worry about that ? ------------- Like them all, but love the "B"s. |
Posted By: DMiller
Date Posted: 28 Aug 2021 at 2:07pm
| We receive $35/acre for pasturage for beef and a small hay field of 21 acres for winter fodder, newest neighbor would LOVE to buy or rent our pastures for his sheep he offered $40/acre, go from under 30 beef to over 240 sheep same ground area. Beef will keep underbrush cleaned up or tromped down, sheep not so much, goats will eat anything including poison ivy as not much bothers them. |
Posted By: Rusty Allis
Date Posted: 28 Aug 2021 at 10:51pm
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Good points, I'll try and address them all.
It will all be handled in the lease, and they are required to have insurance on top of what we have. we've been a 1k acre farm since 1835 (or 32, can't remember!) we're pretty much left alone. no real city folk to worry about. I can spread some hydraulic pig  should anyone bitch haha!good point on the water test, hadn't thought of that. hasn't killed anything we've had, but it would be good to make sure we work that out
we will still have access to the property. fencing....yet to be seen but everything they want to use has a 4-5' stone wall around the lots. they can take the fence when done, that isn't a big deal to us
it won't be big enough to worry about so no real issue. like anywhere else just got to keep it away from water/wells etc
Good to know. they kind of have a mix of stuff, horses, pony, yak. all told, they don't have a whole lot and i forget the exact number but it wasn't a lot...15-20 animals combined as I recall. all in all they seem to be nice folks. background checks seem to pan out so far. they want to do a year to year lease, which is fine. we'd be happy to have some critters here pounding down some of the overgrown stuff
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jaybmiller wrote: