Rental price pivot irrigation land

[Y2K]

What is the going price for irrigation land with a pivot on it

[SHEDHEAD]

300-500 per acre depending on types of crops grown.

[macee]

Yep some where in that ball park depending also on term and location have mine rented out on a 5yr term for $350/ac going west towards Taber/Lethbridge would be a little higher east a little lower probably.

[HyperMOA]

Just out of curiosity what crops do you guys grow under irrigation?

Also, how much does it cost to set up an irrigation pivot?

[macee]

Potatoes,Sugar Beets,Beans, Seed Canola,Alfalfa/Timothy, all cereals,onions, carrots, Mint,Dill,Hemp,Corn and Barely Silage,Flax,grass seed, almost anything you can think of.
As for cost of setting up pivot not a 100% sure but thinking you would be looking at around $200 thousand now but could be wrong last pivot I bought was just under $50.

[HyperMOA]

How much yield does a cereal crop increase with irrigation? The land rental is 6 to 10 times more than what I am used to hearing. I' just curious how a cereal crop makes money at that rental rate?

Even the cost of installing irrigation must pay itself off fairly quickly. Good return there I would think.