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Real Estate Rental Rates: Cropland, Pasture, Farm Buildings New York State 1984

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Abstract

In the fall of 1984, a survey form was distributed by county extension agents to obtain current rental rates paid by farmers for open cropland, pasture, and farm buildings. A previous survey, in 1981, provided data only for open cropland rental rates paid by farmers throughout the State. This expanded survey was used to update that information and to provide additional data on other real estate items also rented to farmers


namely, pasture and farm buildings. Although not as extensive as in 1981, the cropland rental rate data received in the 1984 survey will provide more current information on the most common real estate item rented by New York farmers. The pasture rental data will also provide an indication of actual rates paid for pasture in 1984 throughout the State. The information obtained and presented here regarding the rental of farm buildings is sketchy at best. Even so, a description of the facilities rented and the price paid may help the reader realize how variable such situations are and may provide some insights about the problems of renting farm buildings. The survey was also designed to obtain current information on prices paid by farmers for various field crops sold at the farm level. These crops include standing hay, harvested silage crops, and various forms of harvested corn grain crops. These results are published in a separate report.* A copy of the survey form is included in this report as Appendix I. *

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A.E. Ext. 85-21

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1985-08

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Charles H. Dyson School of Applied Economics and Management, Cornell University

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