Custer County Rental Rates 2016 2017 - Nebraska Extension

February 15, 2017

The results of the 2016 survey and the 2017 survey (different producers were surveyed each year) are below. I have given the average rental rate and the range. Keep in mind that the values on the edges of the range may have special circumstances. No two operations or rental agreements are exactly the same. Rents should not be based upon surveys, but surveys can provide a starting point. To the best of my knowledge and of those surveyed, these are typical of Custer County. This is especially true when the ranges are considered. On the pasture rent, the renters generally take care of the cattle with some owner involvement on fences and thistles. If the landowner is more involved in the care, the rents are above the average.

Troy M. Walz Extension Educator, University of Nebraska?Lincoln

Custer County Rental Rates

Gravity Irrigated Cropland ($/acre) Center Pivot Irrigated Cropland ($/acre) Are the Crop residues included in the rental? Tenant-owned power unit adjustment ($/acre) Tenant-owned pivot adjustment ($/acre) Pasture Land rental rates:

Cow/calf ($/month) Yearling ($/month) $/acre (hard ground) $/acre (sand) Dryland cropland ($/acre) Dryland alfalfa ($/acre) Irrigated Alfalfa ($/acre) Cornstalks ($/acre) Cornstalks (Head/Day)

Who fences the cornstalks? (% of those surveyed)

2016

Average

Range

$220.00

$140 - $300

$232.40

$135 - $300

70% Yes 30% No

$10.00

$10

$25.00

$10- $40

2017

Average Range $190.52 $100-$285 $216.69 $150-$285 77% Yes 23% No $21.11 $10-$50 $26.00 $10-$50

$54.69

$25 - $82.50

$33.17

$25 - $40.00

$35.68

$18- $58

$19.33

$10 - $30

$80.95

$45 - $125

$80.00

$50 - $125

$202.00

$140 - $250

$14.19

$5 - $33

$0.54

$0.35 $1.00

Renter

67%

Landowner 31%

Both

2%

$55.89 $38.91 $39.23 $20.47 $78.18 $77.38 $191.77 $13.40 $0.53

$25-$100 $21-$60 $20-$76 $12.33-$28 $40-$160 $50-$170 $113-$250 $8-$30 $0.27-$0.75

Renter

75%

Landowner 22%

Both

3%

Frequency 100 120 125 145 150 160 170 175 180 185 190 200 225 230 235 250 285

Frequency 150 160 175 180 185 190 200 210 215 220 225 230 235 240 245 250 257 260 275 280 285

2017 Custer County Rental Rates

Graphs showing the frequency of a particular rental rate.

Gravity Irrigated

Pivot Irrigated

10

16

8

14 12

6

10

8

4

6

2

4 2

0

0

Rent -$/acre

Rent -$/acre

Frequency 40 50 60 65 70 75 77 80 85 90 95 100 105 115 150 160

Frequency

Frequency Frequency

25 26 27.5 30 31 32 35 36 37 40 43 45 46 47 49.5 50 52.5 54 55 55.5 55.8 56.3 57 57.4 57.8 58 60 65 67 70 75 76 80 90 100

Dryland Cropland

12 10

8 6 4 2 0

Rent - $/acre

Irrigated Alfalfa

6

4

2

0 113 160 170 175 185 200 215 225 250 Rent - $/acre

Hard Pasture

10 8 6 4 2 0

Rent-$/acre

Dryland Alfalfa

5 4 3 2 1 0

50 60 65 70 75 85 95 100 170 Rent - $/acre

Cow/Calf Pasture

20 15 10

5 0

Rent- $/month

Sandy Pasture

2

1

0 12.33 18.00 19.00 25.00 28.00 Rent - $/acre

Frequency 20.0 23.3 25.0 28.0 30.0 32.0 34.0 35.0 36.5 37.0 38.0 40.0 42.0 45.0 47.0 47.5 50.0 55.0 58.0 60.0 62.0 65.0 70.0 76.0

Frequency

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