Compiled by Barry Ward, Leader Production Business Management OSU Extension, OSU Department of Agricultural, Environmental and Development Economics (AEDE)
Posted by Glen Arnold, Putnam County
Western Ohio Cropland Values and Cash Rents Survey bare cropland values are expected to increase from 3.1% to 7.4% in 2011 depending on the region and land class. Cash rents are expected to increase from 7.19% to 10.11 % depending on the region and land class.
The “Western Ohio Cropland Values and Cash Rents” survey was conducted by drawing on the expertise of professionals that are knowledgeable about Ohio’s cropland markets. Surveyed groups include farm managers, rural appraisers, agricultural lenders, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel.
One hundred and thirty surveys were completed, analyzed and summarized. Respondents were asked to give responses based on 3 classes of land in their area; “top” land, “average” land and “poor” land. The preliminary survey results were summarized for Western Ohio and regional summaries are summarized for northwest Ohio (NW Results) and southwest Ohio (SW Results).
The “Western Ohio Cropland Values and Cash Rents 2010-11” publication is online at: http://aede.osu.edu/resources/docs/pdf/WD5LOB2E-XZT3-RL8O-RVPM020U3UJV5G4M.pdf