one pasture I rent went from $30 an acre to $45 per acre. this is poor grass, been over grazed for 50 years, and I have been half stocking it and rotating it to get the grass back in shape the past 4 years...
Owner said the banker told him that he had guys lined up who would pay $60 per acre for the grass.....
the owner and I are in negotiations now to break out the grass and farm it. I hate to tear up native grass, but he is forcing my hand. broke ground at $75 and acre returns a profit...poor grass at $45 does not.