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The cheapest farm fences are typically wire fences, which cost less to install than traditional lumber fences. Barbed wire is one of the most inexpensive options due to its simple materials, making it a good choice for low budgets. It is suitable for confining docile animals in large spaces, as it provides a visual barrier and a mild deterrent. Other options like hog wire and woven wire fences are also cost-effective because they require less lumber than a full wooden fence. These types of wire fences are strong, long-lasting, and relatively easy to repair, though they are often considered less aesthetically pleasing than wood.

In the vast majority of cases, chain-link fences are less expensive than wood fences. Installing a wood fence costs anywhere from 20% to 30% more than a chain-link fence, or an average of $3,100, whereas a similarly sized chain-link fence will average around $2,400. Even with add-ons and additional protective finishes, a chain-link fence is very likely to cost you less than a wood fence. The only exception would be a split rail wood fence, which can cost about half the price of a chain-link fence or less.

There are several options for post materials. Depending on where you live, the weather, and what kind of durability you want, you can choose from wood, steel or concrete posts for a barbed wire fence. Your corner and end posts should be especially strong in order to maintain the structural integrity of the fence. 

While wood fencing is versatile and durable, there are other fence material options to consider. Check out our comprehensive list of the Best Types of Fences for Your Home to browse through some other fencing materials. Popular types include metal fencing, such as aluminum and chain link, and wood alternatives, such as vinyl or composite fencing.