CASH RENTS PAID FOR

GEORGIA FARMLAND IN 2002

Survey Conducted and Summary by
William Givan, Extension Economist

Download this document in WordPerfect... land02.wpd (250 Kb)

The following data shows cash rents paid for farmland in Georgia in 2002. It is based on a survey of County Extension Agents conducted in November, 2002.

Data are shown for cash rents paid in the nine (9) Statistical Reporting Districts as defined by the Georgia Statistical Reporting Service (GASS). (Districts are shown below). This is provided to supplement state average cash rents reported by the GASS. Appendix tables show these rents by the five (5) University of Georgia Extension Districts.


Georgia Agricultural Statistics Districts

Intended Use Affects Rental Rate

A knowledge of cash rents paid can help both farm operators and land owners make better informed decisions of resource use. Many of the average cash rents reported paid in 2002 were near the values reported in a similar survey in 1999. But any differences could have been due to different individuals reporting. The greatest percentage increases were for irrigated cropland and improved pasture.

Cash rent reported for cropland when no specific crop was specified was (state average) $32.59 for dryland and $82.50 for land with irrigation facilities. The rate reported for irrigated land intended only for vegetable production was $113.48 per acre. Rates reported for irrigated land for peanuts and cotton was $85.57 and $95.77 per acre, respectively.

It is suggested both those who rent land and land owners evaluate the potential for profit before a rental rate is set. A rental rate that is fair for both the lessee and lessor can best be determined by using the form "What Can You Pay or Charge For Land Rent?".

This can be found at: http://www.ces.uga.edu/Agriculture/agecon/pubs/paychargerent.htm

It is recognized that a landowner has a sizeable investment in land. But rental rates that leave the lessee with no profit - or less profit than that paid for rent is long term detrimental to both parties.

Table 1. Cash Rent Reported per Acre for Cropland

NO SPECIFIC CROP, Dryland and Irrigated, Georgia, 2002
Statistical

Reporting

District
Dryland
Irrigated
Average High Low Average High Low
One $30.00 $45.00 $15.00 ** ---- ----
Two 29.00 50.00 12.00 ** ---- ----
Three, Four ** ---- ---- NR ---- ----
Five 25.70 50.00 10.00 $96.67 $150.00 $50.00
Six 28.33 50.00 10.00 70.83 125.00 50.00
Seven 38.57 75.00 25.00 103.57 175.00 30.00
Eight 41.25 100.00 20.00 98.75 175.00 30.00
Nine 32.17 50.00 10.00 66.25 90.00 40.00
State $32.56 ---- ---- $82.50 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Table 2. Cash Rent Reported per Acre for Cropland

TO GROW COTTON, Dryland and Irrigated, Georgia, 2002
Statistical

Reporting

District
Dryland
Irrigated
Average High Low Average High Low
One through Four



**

----

----

NR

----

----
Five $34.00 $50.00 $20.00 ** ---- ----
Six 33.33 55.00 15.00 $83.00 $125.00 $55.00
Seven 41.11 75.00 25.00 ** ---- ----
Eight 48.75 100.00 30.00 120.00 150.00 60.00
Nine 44.20 70.00 20.00 ** ---- ----
State $39.17 ---- ---- $95.77 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Table 3. Cash Rent Reported per Acre FOR PASTURE, Georgia, 2002
------------------------------------------ Type Pasture ---------------------------------------------
Statistical

Reporting

District
Improved
Unimproved
Woodland
Average High Low Average High Low Average High Low
One $23.00 $30.00 $15.00 $14.40 $25.00 $10.00 ** ---- ----
Two 25.17 30.00 15.00 18.60 25.00 10.00 $16.67 $20.00 $10.00
Three 19.50 40.00 10.00 14.25 25.00 10.00 8.33 10.00 5.00
Four 18.67 35.00 10.00 13.50 35.00 8.00 11.60 35.00 8.00
Five 22.63 40.00 10.00 16.89 35.00 8.00 11.40 15.00 5.00
Six 22.50 40.00 15.00 16.42 30.00 5.00 NR ---- ----
Seven 27.50 35.00 10.00 15.00 30.00 10.00 16.67 30.00 10.00
Eight 27.50 40.00 15.00 19.29 35.00 10.00 14.17 20.00 5.00
Nine 33.75 50.00 30.00 26.67 35.00 20.00 ** ---- ----
State $24.22 ---- ---- $16.86 ---- ---- $13.51 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Table 4. Cash Rent Reported per Acre FOR PECAN ORCHARD,

Dryland and Irrigated, Georgia, 2002
Statistical

Reporting

District
Dryland
Irrigated
Average High Low Average High Low
One through Five



NR

----

----

NR

----

----
Six $46.43 $100.00 $20.00 $92.00 $175.00 $40.00
Seven 55.00 90.00 25.00 113.33 150.00 80.00
Eight 43.33 100.00 20.00 82.00 150.00 50.00
Nine ** ---- ---- ** ---- ----
State $49.75 ---- ---- $88.67 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Table 5. Cash Rent Reported per Acre for Irrigated Cropland

TO GROW VEGETABLES, Georgia, 2002
Statistical

Reporting

District
Average High Low
One ** ---- ----
Two through Five NR ---- ----
Six $112.50 $135.00 $70.00
Seven 146.67 175.00 100.00
Eight 134.37 300.00 50.00
Nine 78.60 200.00 30.00
State $113.48 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Table 6. Cash Rent Reported per Pound FOR TOBACCO QUOTA, Georgia, 2002
Statistical

Reporting

District
Quota
Quota and Barns
Quota, Barns & Irrigation
Average High Low Average High Low Average High Low
One through Five



NR

----

----

NR

----

----

NR

----

----
Six $0.44 $.60 $0.25 NR ---- ---- NR ---- ----
Seven NR ---- ---- NR ---- ---- NR ---- ----
Eight 0.36 0.60 0.20 $0.48 $0.65 $0.35 $0.56 $0.70 $0.45
Nine 0.40 0.55 0.30 0.47 0.60 0.30 0.48 0.60 0.35
State $0.39 ---- ---- $0.47 ---- ---- $0.52 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Table 7. Cash Rent Reported per Acre for Cropland

TO GROW IRRIGATED PEANUTS, Georgia, 2002
Statistical

Reporting

District
With Base
Without Base
Average High Low Average High Low
One through Three



NR

----

----

NR

----

----
Four ** ---- ---- ** ---- ----
Five $116.67 $200.00 $75.00 $81.67 $150.00 $50.00
Six 93.00 125.00 75.00 91.67 125.00 50.00
Seven 117.00 175.40 40.00 90.00 150.00 30.00
Eight 114.00 200.00 50.00 89.17 160.00 35.00
Nine ** ---- ---- ** ---- ----
State $114.50 ---- ---- $85.56 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Table 8. Cash Rent Reported per Acre for Cropland

TO GROW DRYLAND PEANUTS, Georgia, 2002
Statistical

Reporting

District
With Base
Without Base
Average High Low Average High Low
One through Three



NR

----

----

NR

----

----
Four ** ---- ---- ** ---- ----
Five $80.00 $120.00 $50.00 $31.25 $55.00 $20.00
Six 41.25 80.00 25.00 35.00 60.00 10.00
Seven 45.00 60.00 35.00 37.00 60.00 25.00
Eight 62.50 140.00 30.00 40.71 75.00 25.00
Nine ** ---- ---- 41.67 65.00 30.00
State $64.58 ---- ---- $36.74 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Appen. Table 1. Cash Rent Reported per Acre for Cropland, by Extension District

NO SPECIFIC CROP, Dryland and Irrigated, Georgia, 2002
Georgia

Extension

District
Dryland
Irrigated
Average High Low Average High Low
North $30.62 $50.00 $15.00 ** ---- ----
Central 25.00 40.00 15.00 ** ---- ----
West 28.50 75.00 10.00 $70.62 $150.00 $35.00
East 31.29 55.00 10.00 66.82 125.00 30.00
South 43.75 100.00 25.00 119.50 175.00 60.00
State $32.56 ---- ---- $82.50 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Appendix Table 2. Cash Rent Reported per Acre by Extension District,

for Cropland TO GROW COTTON, Dryland and Irrigated, Georgia, 2002
Georgia

Extension

District
Dryland
Irrigated
Average High Low Average High Low
North ** ---- ---- NR ---- ----
Central $28.33 $40.00 $20.00 NR ---- ----
West 36.25 75.00 15.00 $80.45 $150.00 $35.00
East 37.87 70.00 15.00 79.44 125.00 30.00
South 47.85 100.00 25.00 130.45 175.00 75.00
State $39.17 ---- ---- $95.77 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Appendix Table 3. Cash Rent Reported per Acre

FOR PASTURE, by Extension District, Georgia, 2002
------------------------------------------ Type Pasture ---------------------------------------------
Georgia

Extension

District
Improved
Unimproved
Woodland
Average High Low Average High Low Average High Low
North $24.45 $35.00 $15.00 $12.30 $25.00 $10.00 ** ---- ----
Central 21.50 40.00 10.00 15.50 30.00 10.00 $13.48 $22.00 $5.00
West 21.67 40.00 10.00 14.00 35.00 5.00 11.50 25.00 6.00
East 26.43 50.00 10.00 19.09 35.00 5.00 17.67 30.00 8.00
South 29.28 45.00 10.00 20.00 30.00 15.00 16.40 25.00 10.00
State $24.22 ---- ---- $16.86 ---- ---- $13.51

NR = None Reported
** = Insufficient Number of Replies

Appendix Table 4. Cash Rent Reported per Acre for Irrigated Cropland

TO GROW VEGETABLES, by Extension District, Georgia, 2002
Georgia

Extension

District
Average High Low
North ** ---- ----
Central NR ---- ----
West $133.33 $200.00 $50.00
East 93.40 200.00 30.00
South 145.00 200.00 110.00
State $113.48 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Appendix Table 5. Cash Rent Reported per Pound FOR TOBACCO QUOTA,

by Extension District, Georgia, 2002
Georgia

Extension

District
Quota
Quota and Barns
Quota, Barns & Irrigation
Average High Low Average High Low Average High Low
East $0.43 $0.60 $0.30 $0.45 $0.60 $0.30 $0.48 $0.60 $0.35
South 0.35 0.50 0.30 0.48 0.65 0.35 0.54 0.70 0.40
State $0.39 ---- ---- $0.47 ---- ---- $0.52 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Appendix Table 6. Cash Rent Reported per Acre FOR PECAN ORCHARD,

Dryland and Irrigated, by Extension District, Georgia, 2002
Georgia

Extension

District
Dryland
Irrigated
Average High Low Average High Low
North ** ---- ---- NR ---- ----
Central NR ---- ---- NR ---- ----
West $41.66 $100.00 $25.00 ** ---- ----
East 52.78 150.00 20.00 $81.25 $175.00 $25.00
South 53.57 90.00 25.00 108.00 150.00 75.00
State $49.75 ---- ---- $88.67 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Appendix Table 7. Cash Rent Reported per Acre by Extension district

for Cropland TO GROW DRYLAND PEANUTS, Georgia, 2002
Georgia

Extension

District
With Base
Without Base
Average High Low Average High Low
North NR ---- ---- NR ---- ----
Central NR ---- ---- NR ---- ----
West $91.67 $225.00 $30.00 $33.00 $55.00 $15.00
East 43.00 80.00 25.00 35.00 65.00 25.00
South 56.78 100.00 30.00 47.00 75.00 30.00
State $64.58 ---- ---- $36.74 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Appendix Table 8. Cash Rent Reported per Acre by Extension district

for Cropland TO GROW IRRIGATED PEANUTS, Georgia, 2002
Georgia

Extension

District
With Base
Without Base
Average High Low Average High Low
North NR ---- ---- NR ---- ----
Central NR ---- ---- NR ---- ----
West $115.83 $270.00 $60.00 $78.33 $150.00 $30.00
East 87.14 125.00 50.00 82.00 125.00 40.00
South 140.70 200.00 85.00 106.25 170.00 40.00
State $114.50 ---- ---- $85.56 ---- ----

NR = None Reported
** = Insufficient Number of Replies

Back to previous page
Back to Publications: Farm and Financial Management