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Thread: Any advice on pricing the rental of a farm?

  1. #1
    Junior Member
    Join Date
    Jun 2020
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    Any advice on pricing the rental of a farm?

    Hi all. Just a question on the rental charge of a farm:
    A relative of mine usually rents out an old farm of his each year to horse breeders, off the books, and just for grazing (i.e. no training/show jumping etc)
    The farm consists of 4 fields (5 acres / 2 hectares), a large barn and yard, and a shed for storage (as well as running water, and electricity for fences). Usually there are 2 or 3 horses on the land grazing at any 1 time.

    What do you think is reasonable to ask for when charging for yearly rent?

    I just want to be sure that he's not being taken advantage of.
    Thanks all for your help.
    Jill

  2. #2
    Senior Member
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    Feb 2013
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    Bury St Edmunds
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    Re: Any advice on pricing the rental of a farm?

    Quote Originally Posted by Farmingfields View Post
    Hi all. Just a question on the rental charge of a farm:
    A relative of mine usually rents out an old farm of his each year to horse breeders, off the books, and just for grazing (i.e. no training/show jumping etc)
    The farm consists of 4 fields (5 acres / 2 hectares), a large barn and yard, and a shed for storage (as well as running water, and electricity for fences). Usually there are 2 or 3 horses on the land grazing at any 1 time.

    What do you think is reasonable to ask for when charging for yearly rent?

    I just want to be sure that he's not being taken advantage of.
    Thanks all for your help.
    Jill
    Very much depends where you are, and the buildings. if you are in Hertfordshire I would think you could be looking to charge 5-10K
    out in the midst of nowhere 1-2K
    I assume you mean the fields total 5 acres and not 4 X 5 acre fields
    Ixworth Solar Farming Ltd.

  3. #3
    Senior Member
    Join Date
    Feb 2013
    Location
    Scotland
    Posts
    924

    Re: Any advice on pricing the rental of a farm?

    Rents can vary considerably depending on circumstances, as Exfarmer points out. You really need someone with local knowledge. Maybe have an informal word with a local auctioneer/land agent?

    If they're well short on what they're paying then something has to be said. However, if they're only a little under the true value but look after the place and always pay on time, it might be worth considering how much you want to rock the boat.

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