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Cropland Values
Land value and cash rent data is extremely important.
Ohio Cropland Values and Cash Rents for 2005-06
Land value and cash rent data is extremely important for farmers, landowners, agriculture lenders, agribusiness persons and investors in developing their business and investment plans. Previously, data has been gathered by surveying farmers, landlords or a combination of the two groups.
The report is based on findings from a survey of agricultural lenders, farm managers and rural appraisers. The survey found that on a state-wide basis, bare Ohio cropland averaged $3,886 for top land, $3,280 for average land and $2,693 for poor land.
The survey based everything on corn yields with the top cropland averaging 177 bushels of corn per acre and rents for $138 per acre. Average cropland yields are 146 bushels of corn per acre and rents for $111 per acre. Poor cropland yields averages are 113 bushels of corn per acre and rents for $87 per acre. The survey found that cash rents are expected to increase 2.5% in 2006.
