Need info on Pasture leases

Depends on location. I pay $10 acre for 100 ac. In mississippi

Perimeter fence, no catch pen.

I have some leased for 30/ acre it is fenced cross fenced with catch pen. A water well and established grass about half in tifton 9 Bahia and the rest red river crabgrass. As for winter grasses have to seed every year in rye grass at the lessee expense. Or they can plant oats or rye whatever they want to do. It is only 280 acres though that I lease.

Location is key here. Most pasture goes for 25 an acre around here. We've leased grazing in Kansas on 4k for 1.50 an acre for 20 years.

I discussed the tract in question with a farmer that leased the tract several years ago. He said that due to the size and catch pens and lakes, he would pay $30 to $35 on a 3 to 5 year lease. If the owner would remove the old perimeter fencing and replace with new fencing, it'd bring $45 per acre. He also said he'd run 1,000 yearlings on it (actually closer to 500 acres of grassland with 300 acres of ground with trees).

Please excuse my ignorance, are these monthly or yearly rates being discussed.