Ohio cropland values and cash rents continue to increase and projections are for cropland values and cash rents to be higher in 2008. Ohio cropland values are expected to increase from 5.1% to 6.5 % in 2008 while cash rents are expected to increase between 10.8% and 11%.
Landowners, prospective buyers, farmers and lenders often seek baseline data and trend data with which to base their buy/sell and rental decisions upon. The “Ohio Cropland Values and Cash Rents” survey is conducted annually drawing on the expertise of numerous professionals that are knowledgeable of Ohio’s cropland markets. Surveyed groups include farm managers, rural appraisers, agricultural lenders, OSU Extension Educators, farmers and Farm Service Agency personnel.