Cash Rents and Farmland Values

Western Ohio Cropland Values and Cash Rents 2022-2023

The Western Ohio Cropland Values and Cash Rents study was conducted from January through April in 2023. This opinion-based study surveyed professionals with a knowledge of Ohio’s cropland values and rental rates. Professionals surveyed were rural appraisers, agricultural lenders, professional farm managers, ag business professionals, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel. The study results are based on 190 surveys.

Results from the Western Ohio Cropland Values and Cash Rents Survey show cropland values in western Ohio are expected to increase in 2023 by 6.1 to 10.7 percent depending on the region and land class. This follows increases ranging from 6.9 to 13.8 percent from ’21 to ’22.

Cash rents are expected to increase from 5.0 to 6.7 percent in 2023 depending on the region and land class. This is on top of rental increases of 1.3 to 3.8 percent from 2021 to 2022.

Author: Barry Ward
Date published: August 27, 2023
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Western Ohio Cropland Values and Cash Rents 2021-2022

The Western Ohio Cropland Values and Cash Rents study was conducted from January through April in 2022. The opinion-based study surveyed professionals with a knowledge of Ohio’s cropland values and rental rates. Professionals surveyed were rural appraisers, agricultural lenders, professional farm managers, ag business professionals, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel. 

According to the Western Ohio Cropland Values and Cash Rents Survey, cropland values in western Ohio are expected to increase in 2022 by 8.0 to 11.3 percent depending on the region and land class. This is on top of increases from 2020 to 2021 of 7.2 to 26.6 percent depending on region and productivity class.

Cash rents are expected to increase from 5.8 to 6.8 percent depending on the region and land class. This is on top of rental increases of 1.5 to 7.7 percent from 2020 to 2021.

Author: Barry Ward
Date published: August 10, 2022
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Western Ohio Cropland Values and Cash Rents 2020-2021

The Western Ohio Cropland Values and Cash Rents study was conducted from January through April in 2021. The opinion-based study surveyed professionals with a knowledge of Ohio’s cropland values and rental rates. Professionals surveyed were rural appraisers, agricultural lenders, professional farm managers, ag business professionals, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel. The study results are based on 94 surveys.

Ohio cropland values and cash rental rates are projected to increase in 2021. According to the Western Ohio Cropland Values and Cash Rents Survey, cropland values in western Ohio are expected to increase in 2021 by 3.8 to 5.3 percent depending on the region and land class. Cash rents are expected to increase from 3.6 to 3.9 percent depending on the region and land class.

Author: Barry Ward
Date published: August 26, 2021
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Western Ohio Cropland Values and Cash Rents 2019-2020

The Western Ohio Cropland Values and Cash Rents study was conducted from February through April in 2020. The opinion-based study surveyed professionals with a knowledge of Ohio’s cropland values and rental rates. Professionals surveyed were rural appraisers, agricultural lenders, professional farm managers, ag business professionals, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel. The study results are based on 167 surveys.

Ohio cropland values and cash rental rates are projected to decrease slightly in 2020. According to the Western Ohio Cropland Values and Cash Rents Survey, cropland values in western Ohio are expected to decline slightly in 2020 by 1.5 to 2.6 percent depending on the region and land class. Cash rents are expected to be flat to slightly lower decreasing from 0.7 to 2.0 percent depending on the region and land class.

Author: Barry Ward
Date published: Sept. 8, 2020
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Western Ohio Cropland Values and Cash Rents 2018-2019

The Western Ohio Cropland Values and Cash Rents study was conducted from February through April in 2019. The opinion-based study surveyed professionals with a knowledge of Ohio's cropland values and rental rates. Professionals surveyed were farm managers, rural appraisers, agricultural lenders, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel. The study results are based on 162 surveys returned, analyzed, and summarized. Ohio cropland values and cash rental rates are projected to decrease slightly in 2019. According to the Western Ohio Cropland Values and Cash Rents Survey, bare cropland values in western Ohio are expected to decline by 1.3 to 2.9 percent in 2019 depending on the region and land class. Cash rents are expected to decrease from one-half a percent to 2.5 percent depending on the region and land class.

Author: Barry Ward
Date published: July 10, 2019
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Western Ohio Cropland Values and Cash Rents 2017-18

The Western Ohio Cropland Values and Cash Rents study was conducted from February through April in 2018. The opinion-based study surveyed professionals with a knowledge of Ohio’s cropland values and rental rates. Professionals surveyed were farm managers, rural appraisers, agricultural lenders, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel. Ohio cropland values and cash rental rates are projected to decrease in 2018. According to the Western Ohio Cropland Values and Cash Rents Survey, bare cropland values in western Ohio are expected to decrease from 1.7 to 3.6 percent in 2018 depending on the region and land class. Cash rents are expected to decline from 1.2 percent to 3.0 percent depending on the region and land class.

Author: Barry Ward
Date published: July 27, 2018
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Western Ohio Cropland Values and Cash Rents 2016-17

The Western Ohio Cropland Values and Cash Rents study was conducted from February through April in 2017. The opinion-based study surveyed professionals with a knowledge of Ohio’s cropland values and rental rates. Professionals surveyed were farm managers, rural appraisers, agricultural lenders, OSU Extension educators, farmers, landowners, and Farm Service Agency personnel. Ohio cropland values and cash rental rates are projected to decrease in 2017. According to the Western Ohio Cropland Values and Cash Rents Survey, bare cropland values in western Ohio are expected to decrease from 4.4 to 8.2 percent in 2017 depending on the region and land class. Cash rents are expected to decline from 1.4 percent to 4.2 percent depending on the region and land class.

Author: Barry Ward
Date Published: July 5, 2017
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Western Ohio Cropland Values and Cash Rents 2015-16

The "Western Ohio Cropland Values and Cash Rents" study was conducted from February through April in 2016. The study is an opinion based survey used to poll professionals with a knowledge of Ohio’s cropland values and rental rates. Surveyed groups include professional farm managers, rural appraisers, agricultural lenders, OSU Extension educators, and Farm Service Agency personnel. Landowners and farmers are represented, but as a minority of the survey respondents. Ohio cropland values and cash rental rates are projected to decrease in 2016. According to the Ohio Cropland Values and Cash Rents Survey bare cropland values in western Ohio are expected to decrease from 4.8% to 11.1% in 2016 depending on the region and land class. Cash rents are expected to decline from 5.6% to 7.6% depending on the region and land class.

Author: Barry Ward
Date published: May 12, 2016
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Examining Land Values, Rents, Crop Input Costs & Margins in 2016.

Presented at The Ohio State University's 2015-2016 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on December 7, 2015.

Author: Barry Ward
Date published: December 7, 2015
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Western Ohio Cropland Values and Cash Rents 2015-16

The “Western Ohio Cropland Values and Cash Rents” study was conducted from February through April in 2016. The study is an opinion based survey used to poll professionals with a knowledge of Ohio’s cropland values and rental rates. Surveyed groups include professional farm managers, rural appraisers, agricultural lenders, OSU Extension educators, and Farm Service Agency personnel. Landowners and farmers are represented, but as a minority of the survey respondents. Ohio cropland values and cash rental rates are projected to decrease in 2016. According to the Ohio Cropland Values and Cash Rents Survey bare cropland values in western Ohio are expected to decrease from 4.8% to 11.1% in 2016 depending on the region and land class. Cash rents are expected to decline from 5.6% to 7.6% depending on the region and land class.

Author: Barry Ward
Date published: May 12, 2016
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Examining Land Values, Rents, Crop Input Costs & Margins in 2016.

Presented at The Ohio State University's 2015-2016 Agricultural Policy and Outlook Conference Series Dean's Preview Meeting on December 7, 2015.

Author: Barry Ward
Date published: December 7, 2015
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Western Ohio Cropland Values and Cash Rents 2014-15

Ohio cropland values and cash rental rates are projected to decrease in 2015. According to the Ohio Cropland Values and Cash Rents Survey bare cropland values in western Ohio are expected to decrease from 5.2% to 11.9% in 2015 depending on the region and land class. Cash rents are expected to decrease from 6.2% to 8.5% depending on the region and land class.

Author: Barry Ward
Date published: June 8, 2015
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Western Ohio Cropland Values and Cash Rents 2013-14

Ohio cropland values and cash rental rates are projected to decrease in 2014. According to the Ohio Cropland Values and Cash Rents Survey bare cropland values in western Ohio are expected to decrease from 4.0% to 5.4% in 2014 depending on the region and land class. Cash rents are expected to decrease from 0.1% to 3.1% depending on the region and land class.

Author: Barry Ward
Date published: May 30, 2014
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Western Ohio Cropland Values and Cash Rents 2012-2013

Ohio cropland values and cash rental rates are projected to increase in 2013. According to the Ohio Cropland Values and Cash Rents Survey bare cropland values in western Ohio are expected to increase from 6.8% to 15.4% in 2013 depending on the region and land class. Cash rents are expected to increase from 7.8% to 10.7% depending on the region and land class.

Author: Barry Ward
Date published:
May 16, 2013
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Western Ohio Cropland Values and Cash Rents 2011-2012

Ohio cropland values and cash rental rates are projected to increase in 2012. According to the Ohio Cropland Values and Cash Rents Survey bare cropland values in western Ohio are expected to increase from 7.3% to 9.1% in 2012 depending on the region and land class. Cash rents are expected to increase from 5.7% to 11.5% depending on the region and land class.

Author: Barry Ward
Date published:January 1, 2012
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Western Ohio Cropland Values and Cash Rents 2010-2011

Ohio cropland values and cash rental rates are projected to increase in 2011. According to the Western Ohio Cropland Values and Cash Rents Survey bare cropland values are expected to increase from 3.1% to 7.4% in 2011 depending on the region and land class. Cash rents are expected to increase from...

Author: Barry Ward
Date published: January 1, 2011
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Western Ohio Cropland Values and Cash Rents 2009-2010

Ohio cropland values show signs of remaining stable to falling slightly in 2010 while this survey indicates cash rent levels will see little change in 2010. According to the Western Ohio Cropland Values and Cash Rents Survey bare cropland values are expected to decrease from 0.1% to 3.1% in 2010...

Author: Barry Ward
Date published:January 1, 2010
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Ohio Cropland Values and Cash Rents 2008-2009

Ohio cropland values show signs of falling slightly while cash rents show signs of leveling off or seeing modest increases depending on the region and land productivity. Ohio cropland values are expected to decrease from 2.4% to 4.9% in 2009 while cash rents are expected to range from a decrease of...

Author: Barry Ward
Date published: January 1, 2009
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Ohio Cropland Values and Cash Rents 2007-2008

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...

Author: Barry Ward
Date published: January 1, 2008
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Ohio Cropland Values and Cash Rents 2006-2007

Landowners, prospective buyers, farmers, and lenders often seek baseline data and trend data with which to base their buy/sell and rental decisions upon. This survey draws on the expertise of numerous professional groups that are knowledgeable of Ohio’s cropland markets. Surveyed groups include...

Author: Barry Ward
Date published: January 1, 2007
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An Overview of U.S. Farm Real Estate Markets

This paper offers an overview of U.S. farm real estate markets. Major uses of land, location of farm real estate, and ownership patterns are summarized. Characteristics of participants in farm real markets are reviewed. Farm real estate values and rents examined, and factors affecting farm real...

Date published:October 1, 2006
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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...

Author: Barry Ward Date
published:January 1, 2006
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2003 Ohio Farmland Lease and Real Estate Values

This report examines markets for leased Ohio farm real estate using results from the 2003 Farm Real Estate and Farming Practices Survey. Cash rents and estimated market values are computed for each region of the state. Factors thought to be important in explaining differences in cash rents and...

Date published: October 2, 2003
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Precision Farming and Land Leasing Practices

Precision farming practices may influence precision farmers' preferences for alternative forms of land lease and may influence the relationships negotiated between landlord and tenant. This paper discusses attributes of cash and share leases, the two primary lease types employed in Ohio, discuss...

Date published: October 1, 2001
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