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  5. ›Noticing Farmland Leasing Block 805 Lot 7.04 and Block 275 Lots 1.0…

Township of Wall·New Jersey

Noticing Farmland Leasing Block 805 Lot 7.04 and Block 275 Lots 1.01 and 3

Closes 3/13/2020$300 – $150kInvitation for Bid
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Description

The Township of Wall is leasing two parcels of farmland (approximately 112.29 acres and 20.04 acres) for agricultural production of mixed grass, grains, and hay. Interested parties must submit a sealed bid by the deadline, and the lease will commence on May 1, 2020 for a mandatory three‑year term with an optional two‑year extension. The minimum annual rent is $300, but bidders may propose higher amounts. The solicitation requires compliance with New Jersey public‑contracting statutes and submission of a valid state business registration certificate. • Lease of ~132 acres of farmland for agricultural use only • Minimum annual rent $300; no upper limit – bids can be higher • Lease term: 3 years (May 1 2020 – April 30 2023) with possible 2‑year extension • Bids sealed, delivered to Township Clerk’s Office; deadline 3/12/2020 10 a.m. • Compliance with NJ statutes (affirmative action, prevailing wages, contractor registration, etc.) required

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Roberta M. Lang(Township Clerk)

[email protected]

(732) 449-8444

Key dates

Opened
2/27/2020
Closes
3/13/2020
Duration
3 years

Last updated

Details

Type
Invitation for Bid
Industry
Agriculture
NAICS
531120

Budget estimate

$300 – $150,000

The only specified payment is a minimum annual rent of $300, giving a baseline revenue of $900 over the three‑year term. However, bidders can propose higher rents; typical market rates for comparable New Jersey farmland range from $2,000 to $5,000 per acre per year, suggesting that a competitive bid could generate anywhere from $20,000 to $60,000 annually. Assuming a modestly higher bid, the client could expect total earnings between roughly $1,000 (minimum) and $150,000 (if they secure a high‑rate lease for the full acreage over three years).

AI estimate from the solicitation

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