This report examines markets for leased Ohio farm real estate using results from the 2003 Farm Real Estate and Farming Practices Survey. Cash rents and estimated market values are computed for each region of the state. Factors thought to be important in explaining differences in cash rents and market values are examined. Typical share rental arrangements are described. Other attributes of farm lease markets are examined, such as the extent of leasing by farm operators (i.e., number and size of leased tracts), relationships between landlord and tenant, and the size distribution of tenants’ farming operations.
Thursday, October 2, 2003