GroundOS Docs 2.0

Explore

Getting Started in GroundOS

Running a CashRentstimate

Determine the lease value on your clients’ tillable ground

A CashRentstimate report informs agents and landowners on what a tillable piece of ground should be earning per acre for cash rent based on multiple data points including county averages, yield history, and soil profiles. GroundOS Agents can use CashRentstimate reports as a lead generation tool to run tillable lease auctions on their client’s behalf.

Agents can generate CashRentstimate reports through the CashRentstimates tab in GroundOS, or through the

➕ Adding a Farm⁠

flow. Every

Video Walkthrough

⁠

https://www.loom.com/share/77b43c8ed0b046d58bd5a9f7c9d6a5f3⁠

⁠

⁠
`Loading…`⁠
⁠

⁠

Step-By-Step Guide

1. Select farm

From Land Manager

Click CashRentstimates toward the top-center of the page.

⁠

Screen Shot 2023-04-12 at 3.52.10 PM.png

⁠

Click Create on the right-hand side of page.

⁠

Screen Shot 2023-04-12 at 3.52.34 PM.png

⁠

Use the interactive map to locate the parcels for your tillable lease listing. Search by City, State, County, Address, Zipcode, or Parcel ID to locate the parcels.

⁠

Screen Shot 2023-04-12 at 3.52.53 PM.png

⁠

Once you have found your parcel(s), select them by clicking on them

If the parcel boundaries do not accurately reflect the property you are listing, click

Draw Mode⁠

in the top-right of the map to mark the boundaries of your listing for this step.

⁠

Screen Shot 2023-04-12 at 3.53.21 PM.png

⁠

You will see this pop-up box appear with the question, “Is this a parcel used for hunting or recreation?”.

Select No and click Save. Repeat this step for each parcel.

⁠

Screen Shot 2023-04-12 at 3.53.43 PM.png

⁠

The parcels that you have selected should be highlighted. The field that you have selected should show on the left side of the screen with the parcel id, owner’s name, and total acres.

Click Next.

⁠

Screen Shot 2023-04-12 at 3.53.59 PM.png

⁠

2. Select Land Use

You will now see the Common Land Units(CLUs) outlined in green within your selected parcels. These indicate separate land use types within the property.

Possible Land Uses include the following:

Tillable (Irrigated)

Tillable (Non-irrigated)

Pasture

Reserve Program (CRP)

Reserve Program (WRP)

Timber

For a CashRentstimate, it is only necessary to assign a land use for the tillable portions of the property.

⁠

Screen Shot 2023-04-12 at 3.54.19 PM.png

⁠

As you click each CLU, you will have the option of which land use type to assign it. If a CLU boundary is missing or is inaccurate, use

Draw Mode⁠

to create the proper boundary for the Land Use Type. Once you select a land use type, click Save and repeat for all applicable CLUs.

Remember, only the tillable portion of the parcels should be selected as “Tillable Non-Irrigated” land use type. This ensures that an accurate estimate is given on the rental value.

⁠

Screen Shot 2023-04-12 at 3.54.33 PM.png

⁠

Once each tillable CLU has been assigned a land use type, click Done in the bottom right-hand corner.

⁠

Screen Shot 2023-04-12 at 3.54.53 PM.png

⁠

Scroll down.

⁠

Screen Shot 2023-04-12 at 3.55.21 PM.png

⁠

Adding a landowner to this CashRentstimate will file the report under their contact within your GroundOS account. This helps to keep your client’s assets organized but is not required.

To add a landowner, click Add landowner at the bottom of the screen

⁠

Screen Shot 2023-04-12 at 3.55.48 PM.png

⁠

Select an existing contact as the landowner, or select New contact and complete the necessary fields to create a new contact.

Click Finish.

⁠

Screen Shot 2023-04-12 at 3.56.16 PM.png

⁠

3. Review CashRentstimate

The CashRentstimate provides a range of what the tillable acres should be earning in cash rent, along with an average per acre for similar ground in the area. Almost all tillable lease auctions conducted on CommonGround receive bids over the high-end of the estimate range.

The CashRentstimate is not available in all states at this point. If an estimate is not available for the property, an agent is still able to run a lease auction on the property.

Click on the Soil Map tab to see the soil make-up of the tillable acres.

⁠

Screen Shot 2023-04-13 at 1.39.39 PM.png

⁠

Screen Shot 2023-04-13 at 1.40.04 PM.png

⁠

The interactive soil map shows the location of the soil types on the farm. Below the soil map is a soil table that details the soil codes, soil ratings of each soil, and the average soil rating of the tillable acres.

⁠

Screen Shot 2023-04-13 at 1.40.42 PM.png

⁠

What’s Next?

Share this CashRentstimate with the landowner! An online lease auction is the best way to secure top-dollar cash rent from a quality tenant. Create a

tillable lease auction⁠

when the landowner is ready to maximize their ROI.

⁠

Creating a Tillable Lease Auction⁠

⁠

Want to print your doc?
This is not the way.

Try clicking the ⋯ next to your doc name or using a keyboard shortcut (

CtrlP

) instead.