Ohio Cropland Values and Cash Rents 2005-2006

Demand for land value and cash rent data is strong as farmers, landowners, ag lenders, agribusiness persons and investors seek baseline data to formulate their business and investment plans. Previously, data has been gathered by surveying farmers, landlords or a combination of the two groups. In this initial survey we survey two groups of professionals with strong ties and an intimate knowledge of agriculture land and rental markets. This survey found that on a statewide basis, bare Ohio cropland averaged $3886 per acre for top land, $3280 for average land and $2693 for poor land. Top land averages 177 bushels of corn per acre and rents for $138 per acre. Average land yields 146 bushels of corn per acre and rents for $111 per acre. Poor cropland averages 113 bushels per acre and rents for $87 per acre. The survey found that cash rents are expected to increase 2.5% in 2006.

Authors: 
Publication type: 
Policy brief
Date published: 
Sunday, January 1, 2006