How much does good farm land lease for per acre in DeSoto Parish?

I am trying to come up with a good way to utilize the land that we own. We own 78 acres in DeSoto Parish, 22 of which we are already leasing to someone who uses it to farm soybeans, etc. This lease agreement was between my husband's late father and the gentleman currently using the land, but we have so far honored the agreement and haven't increased the rent. How much does good farm land lease for in this area? We would like to lease the remaining 56 acres and need somewhat of an idea on what we should ask for it. Thanks in advance for any input!

Tags: farm, farm land, farming, land, lease, rent, soybeans

Views: 131

Replies to This Discussion

With the price of crops, you may want to split the expenses and profits. My grandmother does this and it has been especially beneficial for both parties.
What happens in a bad year?

Can you take a loss if the crop doesn't come in?

I would try to get a guaranteed payment myself. The property tax benifits to having your land classified as farmland are valuable enough!
How exactly does that work? I've never heard of anything like that. How many acres does your grandmother have that is being farmed? Thanks!
She has about 90...it does include some risks, but depending on how much you can get on a traditional lease per acre, you could probably make as much in one growing season sharing costs/profit as you would in 2 or 3 seasons leasing it. There's always crop insurance to protect against loss.

She splits the cost of the seed, the fertilizer, the fuel, the chemical and then they split the profits after harvest.

What kind of results did you get this year, in terms of bushels per acre? That's ging to dictate whether it's a good idea.
How do go about finding a farmer? Will the parish extension office be able to help?
We used to lease our land to a farmer, almost a thousand acres, its not much money at all.
getoverit,

I lease my for cattle.

As CMK said not much money at all either. But someone is at least taking care of it. It is pretty expensive to maintain yourself.

If you lease for cattle or livestock, make sure that they have insurance and indemnify you if stock gets loose.
Should probally do the same for agriculture. You don't want someone elses mistakes or aceidents causeing any liability problems.
I was told I could have gotten a little more for my lease. I chose the present lessor because I knew he was a prudent careful person. I have not been sorry.
Agood lease from a good company is worth more than a few extra bucks in your pocket.
have farmed and ranched for many years..........the only excuse for doing this is the hope someday a nice landman will come a long with a check.......split some costs with an insured tenant for a share of the crop (maybe 1/5)

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