1984-87 New Mexico
Farm Pasture Lease Rates
Tommy D. Simpson, Former Graduate Student
James D. Ubbin, Extension Farm Management Specialist
This publication reports pasture lease ra tes paid for
New Mexico farms in 1984-87. A total of 69 New Mexico
pasture leases are reOected in the averages presented
in the various tables. Lease rates are prese nted
for th e state, as a whole, and for selected regions and
counties (figure 1).
The following items have been summarized for each
area surveyed: mean is the average of the positive responses.
High is the highest reported response. High is
the highest reported response. Low is the lowest reported
response. Number re porting is the number of
positive responses received for that item. The objective
of this publica tion was to organize and publish 1987
lease rates as reported. No effort was made to evaluate
reason able ness or profit potential of re ported rates.
The goal was to report what was being charged, not to
determine or establish what should be charged based on
income earning potential. Rates reported in this publication
should not be interpreted as recommended rates.
For a more detailed description of what terms
should be included in farm leases, see "Small Farm
Rental Agreements," New Mexico State Universi ty,
Cooperative Extension Service, Circular 455. For information
on crop-share lease rates, see "New Mexico
Crop-Share Farm Lease Rates," NMSU, Cooperative
Extension Service, Guide Z-414 and for information on
cash lease rates, see " 1984-87 New Mexico Farm Cash
Lease Rates," NMSU, Cooperative Extension Service,
Guide Z-412. A comprehensive discussion of survey results
for all types of farm leases can be found in "New
Mexico Farm Lease Rates for 1987," NMSU, Agricultural
Experiment Station, Research Report 627.
Figure 1.
NEW MEXICO
GuideZ-413
FRBMH 2-120
Locotion of Selected Regions
REGION 1:
NORTHERN RIO GRANDE
REGION 2:
SOUTHWEST
REGION 3 :
SOUTHERN PECOS VALLEY &SSSI
REGION 4:
EASTERN PLAINS EZ:::S2J
General Characteristics of Pasture Leases
Total Dryland
Acres Fanned
Mean 742.62 923.83
High 9,000 9,000
Low 4 7
Contractual Length of Lease (years)
Mean 3.17 2.6
High 20 20
Low 1
Years Existing Lease Has Been in Force
Mean 8.15 8.6
High 30 30
Low 0
1
0
Types of Lease
Oral 48(60.5%)
Written 15 (21.7%)
Once Written 6( 8.7%)
1
Zero indicates a new lease.
Pasture Lease Rates, per Head, 1987
Siale or Region
NcwMexico
Mean
High
Low
Number Reporting
EaSlern Plains (Irrigated and Dryland)
1
Mean
High
Low
Number Reporting
1 Nalive rangeland leases were excluded.
Dollars per Head
10.05
50.00
2.00
(25)
6.88
12.00
2.00
(18)
Irrigated
162.73
500
4
3.7
17
6.9
22
o
Pasture Lease Rates, per Acre, 1987
Dollars per Acre
Rotational Nontillable
NcwMexico
Mean 13.38 6.92
High 35.00 60.00
Low 3.00 0.97
Number Reporting (8) (18)
Eastern Plains (Irrigated and Dryland)
Mean 11.20 7.15
High 35.00 60.00
Low 3.00 0.97
N umber reporting (5) (17)
Curry County
Mean 6.93 12.14
High 12.00 60.00
Low 2.00 0.97
Number Reporting (12) (7)
Roa;evelt County
Mean 7.10 2.42
High 12.00 3.00
Low 2.00 1.50
Number Reporting (5) (8)
Published and distributed in furtherance of the Acts of Congress of May 8 and June 30,1914, by the Cooperative Extension Service ci
New Mexico State University, Robert L. Gilliland, associate dean and director, and the U.S. Department of Agricu~ure, cooperating,
New Mexico State University is an equal opportunity employer. All programs are available to everyone regardless of race, color, religion,
sex, age, handicap or national origin.
Reprinted March 1991 Las Cruces, New Mexico
5C
NMSU Cooperative Extension Service and Agricultural Experiment Station Publications
