As a real estate land professional, I’m excited to share the latest insights on agricultural pastureland and cropland rental rates in Texas. The USDA has just released its 2024 Cash Rent Data, providing valuable information for both landowners and producers.
Pastureland
The statewide average for pastureland has slightly decreased to $8.20 per acre annually, down $0.30 from last year[1]. Here are some key points:
- Highest rates: Bowie and Delta Counties lead at $22/acre, closely followed by Bell County at $21/acre[1].
- Lowest rates: West Texas counties show the most affordable rates, with Winkler County at $0.90/acre, Hudspeth at $1/acre, and Presidio at $1.40/acre[1].
Irrigated Cropland
Texas has seen an increase in irrigated cropland rental rates, with the average now at $117/acre, up $4 from 2023[1].
- Top rates: Hartley County land commands the highest rate at $229/acre, with Gaines County following at $194/acre[1].
- Most affordable: Chambers County land offers the lowest rate at $39/acre[1].
Non-Irrigated Cropland
The statewide average for non-irrigated cropland has risen slightly to $31.50/acre, a $0.50 increase from last year[1].
- Premium locations: San Patricio County land leads with $88/acre, while Willacy County follows at $75.50/acre[1].
- Budget-friendly options: Llano County land offers the lowest rate at $6.50/acre, with Sutton and Kimble Counties close behind at $7.60 and $7.90 per acre, respectively[1].
What This Means for You
Whether you’re a landowner looking to lease your property or an agricultural producer seeking land to rent, these figures provide a crucial benchmark for negotiations. Remember, factors such as soil quality, water access, and local market conditions can influence rates beyond these averages.
For those interested in the agricultural real estate market, this data offers valuable insights into regional trends and investment opportunities across Texas. As your real estate professional, I’m here to help you navigate these trends and find the best opportunities in agricultural land.
Stay informed and make confident decisions in the ever-evolving Texas agricultural real estate market!
More Data
Find data for each state by clicking here. If you would like to see data for each county, state click here.
Citations:
[1] https://agrilife.org/texasaglaw/2024/09/03/usda-releases-2024-cash-rent-data/