The latest Nebraska Farm Real Estate report from the University of Nebraska-Lincoln shows most hunting lease agreements are worth up to $2,500.
Jim Jansen, extension educator with Nebraska Extension, says these arrangements are good sources of supplemental income.
“You need to take into account the liability associated with having parties on your ground, hunting wild game, so there are some considerations to take into account there,” Jansen tells Nebraska Radio Network, “but this is just one of the possible sources of maybe non-traditional sources of income outside of raising traditional row crops or small grains or even livestock on the ground.”
The report shows more than half of the hunters were leasing agricultural land to get antelope or deer. Pheasant, quail, and waterfowl lease deals made up nearly all the rest.
Access to the entire property drove up prices, according to the report.
“Because if you only rented out a few acres, if you have multiple hunters out there who were disturbing the wild game to stir them up for hunting purposes,” Jansen says, “it might not be as appealing to an individual that can gain rights to a quarter or a farm site.”
Jansen advises anyone interested in leasing their land to hunters to have a written agreement, especially detailing liability issues.
“So both parties have it in writing, understanding exactly what is being involved with the lease and everything is on paper if any disagreements may arise, both parties know what was signed off on,” he says.
Land with or near water and property with trees or brush fetched the highest prices.
AUDIO: Mike Loizzo reports [:44]