There’s a bit of good news for Ohio farmers to counter the bad news caused by COVID-19, as well as by last year’s historic rain. In counties scheduled for property value updates in 2020—about half of Ohio’s 88 counties—the average value of farmland enrolled in the Current Agricultural Use Value (CAUV) program should be about 40% lower than 2017–2019, or about $665 per acre.
While cropland values in Ohio increased in the past two years, they have remained flat, and in some cases declined depending on the land class, in 2014, Barry Ward, an AEDE economist and production business management leader for Ohio State University Extension recently said.
While cropland values in Ohio increased in 2012 and 2013, they are expected to remain flat or even decline in 2014, Barry Ward recently said at the opening of the 2013-2014 Agricultural Policy and Outlook Conference Series.
The 2012 Farm Science Review begins today and AEDE faculty, staff and students will actively participate in many events this year. The Farm Science Review offers Review participants an opportunity to interact with agricultural economists, farm management specialists and Extension educators from the department.