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Irrigated, Pasture & Hay Cash Rent Considerations

Jim Jansen from the University of Nebraska-Lincoln, joins Michael Langemeier on this episode of the Purdue Commercial AgCast to discuss cash rent considerations for irrigation, pasture, and hay leases. They provide factors affecting cash rent including maintenance costs, insurance, and land productivity and emphasize the importance of clear lease agreements. Offering practical advice for both landlords and operators on fair rental agreements.

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Pasture & Grass Hay Lease Spreadsheet Tool

Need help setting a fair lease rate for pasture or hay ground? This easy-to-use spreadsheet lets you plug in your own numbers—like stocking rates, hay yields, and land quality—to calculate a lease rate that works for both landlord and tenant. Whether you’re negotiating a new agreement or checking current rates, this tool helps take the guesswork out.

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Leasing Pasture and Hay Ground

Leasing pasture or hay ground? Rates can vary widely—and getting it right means understanding stocking rates, land quality, and what services are included. This guide breaks it all down with real examples and a spreadsheet you can use to run the numbers for your own operation. If you’re negotiating a lease this year, don’t miss these tips to make sure it pencils out.

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2025 Indiana Farm Custom Rates

The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the first three months of 2025. Respondents were asked to report custom rates they had either paid or received during the past year.

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Ag Lease 101: Lease Publications & Forms from NCFMEC

AgLease101.org helps both land owners and land operators learn about alternative lease arrangements and includes sample written lease agreements for several alternatives. Ag Lease 101 was created by and is maintained by the North Central Farm Management Extension Committee (NCFMEC).

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2023 Indiana Farm Custom Rates

The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Purdue Extension Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the first three months of 2023. Respondents were asked to report custom rates they had either paid or received during the past year.

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2021 Indiana Farm Custom Rates

The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.  Purdue Extension educators and specialists developed the questionnaire.  Purdue Educators distributed the questionnaires at meetings and events statewide during the last month of 2020 and the first three months of 2021. 

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2019 Indiana Farm Custom Rates

The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.

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2017 Indiana Farm Custom Rates

The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana.

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Farm Building Rental Rate Survey

Farm buildings and livestock facilities often outlast their owner’s need for them, but can still provide usable service. Farm operators and livestock producers may be able to make use of certain types of farm buildings but are not in a position to invest in new facilities.

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