There are two types of tax values that are on the minds of farmers: market value (the value per acre for highest and best potential use) and current agricultural use value. Farmers who farm more than 10 acres and participate in the Current Agricultural Use Value (CAUV) program typically benefit from lower tax bills because tax is calculated based on below true market values. The program began in 1973 with the intention of leveling the playing field for farmers by computing farmland values based on crop yield, soil conditions, interest rates, and crop prices that have proven to be volatile.
“Applied economists are concerned with more than just numbers and economic theory,” says new AEDE Professor Wuyang Hu. “Many of us are interested in solving real-life problems and making a difference on an individual level.”
A fitting philosophy for a professor and researcher whose work over the past twenty-years has kept him focused on food related issues where the environment, economics and society intersect.
AEDE’s Ani Katchova recently received an Outstanding Research/Quality of Communication Award in the agricultural finance sector by the Agricultural and Finance Management (AFM) section of the Agricultural and Applied Economics Association (AAEA). Katchova and her co-author Mary Ahearn, retired from USDA-ERS, were nominated for this award based on their publication, “Dynamics of farmland ownership and leasing: implications for young and beginning farmers” published in Applied Economic Perspectives and Policy in 2016.
Before the ceremonial mortarboard toss at graduation, the end of spring term brings a whirlwind of activity including celebrations, award ceremonies and banquets. According to graduating senior Craig Berning, his being named a CFAES Outstanding Senior, a Denman Forum winner and an Ohio State Board of Trustees Student Recognition Award recipient has led him to reflect on his time at OSU and his unique accomplishments. Berning spent a summer interning in Washington D.C.
The odds of landing a job before graduation were in Spring 2017 graduate Jake Vuillemin's favor. This past November, he found himself in the advantageous position of fielding three job offers six months BEFORE graduation. With the help of AEDE Lecturer Dr. Anna Parkman, Vuillemin was able to negotiate a pay scale that met his requirements for his dream job.
The Agricultural and Applied Economics Association's (AAEA) Fellows Selection Committee has selected five outstanding members to be honored as the 2017 AAEA Fellows. AEDE Professor Mario Miranda, and four other distinguished Fellows, were selected based on their exceptional contributions to the profession. These distinguished Fellows are leaders who are shaping the future of the Association and the field of applied economics.
In preparation for the Autumn 2015 class registration period, the AEDE undergraduate program will offer walk-in advising sessions for students enrolled in the Agribusiness and Applied Economics major on Mar. 30, Apr. 3, Apr. 8, and Apr. 15. Students enrolled in the major are strongly encouraged to attend one of these sessions. Faculty and staff from AEDE will be present to meet one-on-one with students.
With deadlines set for enrollment in the 2014 farm bill’s crop programs in February and March, farmers have only a few weeks left to make decisions about key farm safety net decisions, recently said AEDE's Carl Zulauf. These decisions are significant considering that enrollment in the farm bill’s crop programs will last through the life of the legislation, which will expire after the 2018 crop year.
While cropland values in Ohio increased in each of the past three years, several factors, including continued low interest rates, low debt-to-asset ratios and lower profit margins, are likely going to make for a relatively flat land market in 2015, recently said Barry Ward an AEDE economist.