Land for Rent...What Price should I ask?

Question

Ok, I have a 23 acre piece of land that I want to offer for rent to someone who would want to farm it. About 19 of the acres are actually tillable (the other 4 is wooded). The taxes are only $800 a year I want to be able to cover the taxes plus a little extra. Where would I find out the what a fair price would be to ask? Would $200-$300 a month be asking too little or too much? Where do I find this type of info?

Thanks in advance for your help.

Answer 1

while there are house appraisers and business appraisers, there

are also bare land and farm appraisers.  Seek one out!

Answer 2

It would depend on what the surrounding area is worth.But it sounds like you are asking way to small of rent for that much land.An appraiser can tell you more.