Archive for the ‘Land Rents and Values’ Category

Mar
12

OSU Extension’s Farm “Outlook” for 2013 is Posted Here

By Bruce Clevenger, OSU Extension Defiance County

Farmers and agribusiness need to keep tuned into markets, production economics and farm policy. Trends can change due to measurable factors or seemingly unpredictable forces. Farmers, agribusinesses and others in the agricultural industry had the opportunity to learn more about the current farm outlook at an Ohio State University Extension 2013 Farm Outlook Program in Defiance County on February 21, 2013.

Ohio State University’s Department of Agricultural, Environmental, and Development Economics and OSU Extension made presentations that brought forth the latest outlook on the grain markets, land rent, and production inputs.

You can watch and listen to two of the ‘live’ presentations from that evening linked below. Featured speakers included:

Barry Ward, OSU Extension Agriculture Economist, on the production economics of farmland values, and outlook for input costs such as seed, fertilizer and chemicals.

Matt Roberts, OSU Extension Agriculture Economist, on grain market outlook for 2013.

The files linked above may take a minute or two to load, but should play flawlessly on most any high speed connection once loaded.

Jan
28

2013 Farm Outlook Meeting – Defiance County

From: Bruce Clevenger, OSU Extension Defiance County

DEFIANCE, Ohio – Farmers, agribusinesses and others in the industry located in northwest Ohio have the opportunity to learn more about the outlook for grain markets, tax law, and farm production economics at an Ohio State University Extension 2013 Farm Outlook Program.

The program hosted by Ohio State University Extension features presentations from Ohio State’s Department of Agricultural, Environmental, and Development Economics. The program will be held on February 21 from 6:00 p.m. until 9:00 p.m. at the Jewell Community Center, 7900 Independence Road, Defiance, Ohio. Pre-registration is $15 per person.

The program will feature the following speakers: Matt Roberts, OSU Extension agricultural economist, who will discuss the Grain Market Outlook: Old Crop and the 2013 Futures Market; Barry Ward, OSU Extension agricultural economist, who will discuss farm production economics of farmland values and input costs such as seed, chemical and fertilizer markets; Chris Bruynis, OSU Extension educator, Changes to the Tax Laws: Strategies for Farm Businesses.

The 2013 Farm Outlook Program meeting in Defiance County is open to the public and will provide insightful information for farming in 2013. OSU Extension Crop and Livestock Enterprise Budgets are also available at: http://aede.osu.edu/programs/farmmanagement

Pre-registration deadline for the 2013 Farm Outlook Program is February 18. Pre-registration is $15 per person or at the door $30 per person. For more information, contact Bruce Clevenger at (419) 782-4771 or log on to http://defiance.osu.edu

Jan
3

2012 Farm Outlook Meeting Recorded

by Bruce Clevenger, OSU Extension Defiance County

Farmers and agribusiness need to keep tuned into markets, production economics and farm policy. Trends can change due to measurable factors or seemingly unpredictable forces. Farmers, agribusinesses and others in the agricultural industry had the opportunity to learn more about the current farm outlook at an Ohio State University Extension 2012 Farm Outlook Program in Defiance County on December 20.

Ohio State University’s Department of Agricultural, Environmental, and Development Economics and OSU Extension made presentations that brought forth the latest outlook on the grain markets, land rent, production inputs and farm policy.

View and listen to the presentations from December 20th

http://fairfield.osu.edu/news/farm-outlook-for-2012-is-posted-here

Feb
8

CONSERVATION RESERVE PROGRAM-Signup Announcement

COLUMBUS, Ohio — Feb. 7, 2011 – Steve Maurer, State Executive Director for the USDA Farm Service Agency (FSA), announced a Conservation Reserve Program (CRP) sign-up to begin March 14, through April 15, 2011. This is the second consecutive year that USDA has offered a general CRP sign-up.

“Financial incentives available through CRP afford farmers and landowners a low risk opportunity to implement a variety of conservation practices that will benefit the environment in a number of ways,” said Maurer. “Over the past 25 years, CRP practices have improved water and air quality, increased wildlife habitat and prevented soil erosion,” he said. Read the rest of this entry »

Jan
26

2011 Clean Ohio Agricultural Easement Purchase Program Announced

by Greg LaBarge, Fulton County

Our 10 county area has 35 of 274 farm currently enroll in development easement programs. A map of the state noting farms numbers by county participating is found at http://www.agri.ohio.gov/divs/FarmLand/docs/Farm_ASA_AgMap.pdf. Below is the full ODA newsrelease. Note the deadline is April 6. If interested get started soon as the applications do require some leg work to gather the information and complete the application.

REYNOLDSBURG, Ohio (Jan. 6, 2011) – The 2011 Clean Ohio Agricultural Easement Purchase Program application is now available on the Ohio Department of Agriculture’s website. All applications must be submitted electronically no later than 5 p.m. on April 6, 2011. A hard copy of the completed application must also be sent by registered or certified mail to the department, postmarked on or before April 6, 2011. Read the rest of this entry »

Jan
24

The Two Sides of Land Rental Questions

by Greg LaBarge, Fulton County

One of the most frequently asked questions is “What cash rental rate is fair?” The question is asked by both landlords and tenants. The issue has two side that should be viewed as exactly that a question with two answers, with each party figuring out cost and returns for their investment. While everyone would like it to be one rate that fits all, the reality is every situation is different. It truly is a negotiation that needs to happen with each transaction.

For the landlord, the DIRTI five cost of ownership provide a baseline. The ownership costs are Depreciation, Interest, Return on investment, Taxes and Insurance which provides a starting point for negotiations. Considerations should also be given for things a tenant might do such as weed control on non-tillable acres, snow removal and other task that have value to the landlord.

From a tenant view, input cost of producing the crop, transportation, marketing, plus returns to the capital investment in machinery, management and labor need to be covered. The tenant will want to know the value of extra things they may do that adds or maintains the value of the land for the owner.

There are numerous resources that can be used in the rental development process. A listing of recent land rental surveys, sample agreements and other useful information can be found at http://fulton.osu.edu/topics/agriculture-and-natural-resources/farmland-rental-resources