“With the farmland prices at a high where they are with the inflation we’ve had over the past couple of years, it’s very hard for a beginning farmer who hasn’t inherited some land to get into the farming business. So we’ve had quite a few leases for prospective farmers, hunters, and recreationists. If somebody wants to use some land, leasing is certainly an option as opposed to the capital it takes to buy a piece,” stated CEO of National Land Realty Ronnie Richardson during his recent interview on RFD-TV.

Richardson went on to discuss the importance of balancing revenue with stewardship when leasing your land in 2024, as well as the ways establishing relationships with multiple tenants can help maximize the value of a lease. For landowners looking to make the most of their land investment, leasing land offers an opportunity to generate potentially significant passive income with little effort on their part.

To learn more about leasing land in 2024, check out the full RFD-TV interview here!