Tuesday, May 31, 2016

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.

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