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Each year land and building site owners are asked to rent out their vacant buildings or pasture. Building rental rates vary depending on the age and condition of the building, location and demand for that type of facility.
Generally, the renter pays all utility costs incurred, plus minor building repair, and equipment and maintenance costs. Generally, the owner pays real estate taxes, fire and wind insurance, building remodeling cost and replacement costs of barn cleaners, silo unloaders and livestock equipment. Owners and renters should carry their own farm liability insurance.
DAIRY FACILITIES must have a lot of built-in laborsaving technology such as liquid manure storage, forage conveyors and tube/auger feeding systems. General rule of thumb rental rates for facilities follow:
FEEDER CATTLE FACILITY RATES range from $.07 to $.30 a head per day.
HOG FACILITY RATES:
| . Farrow to finish - | Modern - $4-18/head sold | Average - $9/head sold |
| . Finishing House - | Modern $2-10.50/head sold or $.05-.08/pig/day | Average - $7/head sold or $.07/pig/day |
| . Farrowing House - | $5-35/crate/litter |
| $25-400/crate/year |
MACHINE SHED RATES:
GRAIN STORAGE buildings should have the capability to cool grain down in the fall and warm it up in the spring. They should also keep grain in good condition.
Contact your county Extension educator for specific information.
| Title: | Farm Building Rental Guidelines | Number: | 947 |
| Script writers: | Gary Wyatt, Erlin Weness | Source: | U of MN Center for Farm Financial Management, "Farm Building Rental Guidelines" |
| Date: | 1999/2002 | Reviewers: | Bill Lazarus, Fraser Norton |
Copyright © 1998 Regents of the University of Minnesota. All rights reserved.