Montana Lease Data Summary
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How to fill out Lease Data Summary?
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FAQ
These are ?State-Leased? properties. These is real estate where you don't own the land, the State of Montana does. The purchase price is for only the improvements on the property, like a cabin, outbuilding or dock and then you ?rent? the land underneath.
Montana Statewide Per-Acre Lease Rates YearAll CroplandAll Pasture202237.57.82021367.22020346.7201932.56.625 more rows
Pastureland, at $1,850 per acre, was $350 higher than the previous year. Cash rents paid to landlords in 2022 for cropland increased from last year. Irrigated cropland rent averaged $143.00 per acre, $4.00 above last year. Dryland cropland rent averaged $61.50 per acre, $3.50 higher than a year earlier.
Average cash rent for irrigated cropland in Montana was $104.00 per acre in 2022, up $16.00 from the previous year. Average cash rent for non-irrigated cropland was $31.00 per acre in 2022, up $2.00 from the previous year. Average cash rent for pasture was $7.80 per acre in 2022, up $0.60 from the previous year.
Average and median per acre prices (for unimproved land) have remained fairly constant from 2020 ? 2022 with an average per acre price of $4,000+ and a median per acre price of approximately $2,000, both values notably higher from the two previous years (2018-2019).
A Montana month-to-month rental agreement is a lease between a landlord and tenant for the renting of property without an end date. The only way to terminate or change the lease is to provide notice of at least thirty (30) days or the notice period in the agreement, whichever is longer.
