One of the most difficult steps in beginning farming can be finding access to the right land. Some are lucky enough to already have land their family has farmed for ages. Others need to find their own path in finding land and affording it. Farm land can be expensive to buy outright. Therefore a valid option for many is to lease farm land. One of the online resources where one can lease farm land is FARMFLIP. There one can search for areas for farming land location as well as prices.
Leasing Agricultural Land
Agricultural land can be leased. In fact, many of today’s farmers lease their land. The agricultural sector actually relies heavily on leases for land and equipment to meet the needs of farmers. Many farmer can’t afford to buy the land outright, therefore a more affordable option is to lease it from the government or from a private party, such as a retired farmer.
What is an agricultural lease?
An agricultural lease is the leasing of farm or of the land used in agricultural production such as crop or livestock production. The lease is a contract, much like a home renter’s contract, that is agreed upon by both parties either in writing or through oral communication. A written contract is recommended by law agencies, because it has more validity to it and it is easier to trace the parties’ rights in the court of law if needed. An oral agreement is, however, just as valid. Usually a lease is valid for a year and continued unless terminated in time, or if different lease agreements were made in the contract.
Cost of Leasing Farm Land
How much leasing farm lands costs, depends much on what crop is being produced and for even more drastic price changes, where in the country the leasing is taking place. The national average in the United States is $138 per acre of production. It starts as low as $34 in Oklahoma to $340 in California. Most of the farm land in the United States have seen little to no change in prices over the last couple of years. Prices have remained fairly stable. However there has been a slight increase on the West Coast adding up to $15 per acre and a slight decrease on the East Coast reducing costs per acres by up to $8. So where one is located or where one wants to farm will have the most impact in how much one will have to pay for the land.
Farming on Residential Land
Residential land is zoned to be used by families and individuals for private housing. There are usually restrictions on what kind of animals one can keep on the residential land. There are also restrictions on the size and types of buildings and how they can be used. One can produce enough crop for a family or two on residential land, but for it to be a commercial operation the land has to be zoned as agricultural land.