|
 |
Western Ohio
Cropland Values and Cash Rents 2015-16
When asked about cash rent and land values in Darke County, Sam Custer,
OSU Extension Agriculture Educator, says “the word of 2016 is
variable”. “In the last nine months we have seen tracts of farm land in
the county sell for over $19,000 per acre and other tracts less than
$6500 per acre” Custer said.
What leads to this variability? “Soil type, production history,
location and emotions”, said Custer.
Barry Ward, Assistant Extension Professor, Leader Production Business
Management, recently release the latest study results for land values
and cash values. The complete survey can be found at
http://go.osu.edu/2016landvalues.
The “Western Ohio Cropland Values and Cash Rents” study was conducted
from February through April in 2016. The study is an opinion based
survey used to poll professionals with a knowledge of Ohio’s cropland
values and rental rates. Surveyed groups include professional farm
managers, rural appraisers, agricultural lenders, OSU Extension
educators, and Farm Service Agency personnel. Landowners and farmers
are represented, but as a minority of the survey respondents.
Ohio cropland values and cash rental rates are projected to decrease in
2016. According to the Ohio Cropland Values and Cash Rents Survey bare
cropland values in western Ohio are expected to decrease from 4.8% to
11.1% in 2016 depending on the region and land class. Cash rents are
expected to decline from 5.6% to 7.6% depending on the region and land
class.
For more information about OSU Extension, Darke County, visit the Darke
County OSU Extension web site at www.darke.osu.edu or the OSU Extension
Darke County Facebook page.
|
|
|
|
