Western Ohio Cropland Values and Cash Rents 2016-17

AEDE-16-17
Agriculture and Natural Resources
Date: 
11/14/2017
Barry Ward, Assistant Professor and Leader, Production Business Management, Director, OSU Income Tax Schools, Agriculture & Natural Resources

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.

Ohio Cropland Values and Cash Rent

Ohio cropland varies significantly in its production capabilities and, consequently, cropland values and cash rents vary widely throughout the state. Generally speaking, western Ohio cropland values and cash rents differ from much of southern and eastern Ohio cropland values and cash rents. The primary factors affecting these values and rates are land productivity and potential crop return, and the variability of those crop returns. Soils and drainage capabilities are the two factors that most influence land productivity, crop return and variability of those crop returns.

Other factors impacting land values and cash rents are field size and shape, population density, ease of access, market access, local market prices, potential for wildlife damage, field perimeter characteristics, and competition for rented cropland in a region. This fact sheet summarizes data collected for western Ohio cropland values and cash rents.

2017 Study Results

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.

The study results are based on 120 surveys returned, analyzed and summarized. Respondents were asked to group their estimates based on three land quality classes: average, top and poor. Within each land-quality class, respondents were asked to estimate average corn and soybean yields for a five-year period based on typical farming practices. Survey respondents were also asked to estimate current bare cropland values and cash rents negotiated in the current or recent year for each land-quality class. Survey results are summarized below for western Ohio with regional summaries (subsets of western Ohio) for northwest Ohio and southwest Ohio.

The measures shown in the following tables are the summary of the survey responses. The measures shown are the average (or mean), standard deviation indicating the variability of the data from the average measure and range. Range identified in the tables consists of two numbers: The first is the average plus the standard deviation and the second is the average minus the standard deviation.

Why Range is Important

Range represents the spread of land values and cash rents. When farmers and landowners consider a parcel, it’s helpful to compare not only the average, but also the range measure. The range in these tables represents two-thirds of the responses in the survey, which provides reliable data. Also, farmers and landowners need to realize land in a given region does not fall neatly into thirds of each land-quality class (average, top and poor). Typically, only a small percentage of acreage in a given county or region will fall into the top land category, which is usually large tracts of land with highly productive soils. Average land will typically be the majority of land in a given region or county while poor land will tend to have lower productivity soils, steeper slopes, poor drainage, smaller tracts, or a combination of these characteristics.

Factors Affecting Cash Rental Rates

Ultimately, supply and demand of cropland for rent determines the cash rental rate for each parcel. The expected return from producing crops on a farm parcel and the variability of that return are the primary drivers in determining the rental rates. Many of the following factors contribute to the expected crop return and the variability of that return. Secondary factors may exist and could affect potential rental rates. These secondary factors are also listed.

Expected Crop Return

Rent will vary based on expected crop return. The higher the expected return, the higher the rent will tend to be.

Variability of Crop Return

Land that exhibits highly variable returns may have rents discounted for this factor. For example, land that is poorly drained may exhibit variability of returns due to late plantings during wet springs.  

Factors Affecting Expected Crop Return and Variability of Crop Return:
  • Land (Soil) Quality: Higher quality soils translate into higher rents.
  • Fertility Levels: Higher fertility levels often result in higher cash rents.
  • Drainage or Irrigation Capabilities: Better surface and sub-surface drainage of a farm often results in better yields and higher potential cash rent. Likewise, irrigation equipment tied to the land will allow for higher yields, profits and rents.
  • Size of Farm/Fields: Large farms/fields typically command higher average cash rent per acre due to the efficiencies gained by operators.
  • Shape of Fields: Square fields with fewer “point rows” will generally translate into higher cash rents as operators gain efficiencies from farming fields that are square.
  • Previous Tillage Systems or Crops: Previous crops and tillage systems that allow for an easy transition for new operators may enhance the cash rent value.
  • Field Border Characteristics: Fields surrounded by tree-lined fence rows, woodlots or other borders affecting crop growth at the field edge will negatively impact yield and therefore should be considered in rental negotiations.
  • Wildlife Damage Potential: Fields adjacent to significant wildlife cover including woodlots, tree-lined fencerows, creeks and streams may limit production potential to border rows and should be considered in rental negotiations.
Secondary Factors Affecting Rental Rates:
  • Buildings and Grain Storage Availability: Access to machinery and grain storage may enhance the value of the cropland rental rate.
  • Location of Farm (Including Road Access): Proximity to prospective operators may determine how much operators are willing to bid for cash rents. Good road access will generally enhance cash rent amounts.
  • USDA Farm Program Measurables: Farms that participate in the USDA Farm Program and have higher “program yields” may command higher cash rents than non-program farms.
  • Services Provided by Operator: Operators that provide services such as clearing fence rows, snow removal and other services may be valued by the landowner. This may even be a partial substitute for cash rent compensation.
  • Conditions of Lease: Conditions placed on the lease by the landowner may result in fewer prospective operators and a lower average cash rent.
  • Payment Dates: Leases that require part or all of the rent to be paid early in the year (up-front) may result in lower rental rates due to higher borrowing or opportunity costs for the operator.
  • Reputation of Landowner or Operator: Reputations of the parties may play a part in the cash rental negotiations. A landowner with a reputation of being difficult to work with may see cash rents negatively affected by this reputation. Farmers with a similar negative reputation may have to pay higher rents.
  • Special Contracts: Farms with special contract commitments may restrict the operator from changing crops based on market conditions. This may negatively impact cash rents. There may also be contracts that positively affect cash rents such as high value crop contracts or contracts for receiving livestock manure.

The following sections of the fact sheet detail the 2017 survey results divided into western, northwest and southwest Ohio. The western Ohio summarized data is simply the entire data set which includes both the northwest and southwest regions. Tables 1 through 3 also detail projected changes for long-term land value and cash rents, which will be explained later in the fact sheet in the “Additional Survey Results” section.

Western Ohio Results

Survey results from western Ohio are summarized in Table 1. See Figure 1 for counties included in this region. Additional results, including year-over-year percentage change, rent per bushel of corn, and rent as a percentage of land value, are summarized in Tables 4 and 5.

Figure 1: Western Ohio
Average Cropland

Survey results for average producing cropland showed an average yield to be 171.8 bushels of corn per acre. Results showed that the value of average cropland in western Ohio was $7,702 per acre in 2016. According to survey data, average producing cropland is expected to be valued at $7,327 per acre in 2017. This is a projected decrease of 4.9 percent.

Average cropland rented for an average of $198 per acre in 2016 according to survey results. Average cropland is expected to rent for $192 per acre in 2017 which amounts to a 3.0 percent decrease in cash rent year-over-year. This 2017 rental rate projection of $192 per acre equates to a cash rent of $1.12 per bushel of corn produced. Rents in the average cropland category are expected to equal 2.6 percent of land value in 2017.

Top Cropland

Survey results indicate top performing cropland in western Ohio averaged 203.2 bushels of corn produced per acre and the average value of top cropland in 2016 was $9,143 per acre. According to this survey, top cropland in western Ohio is expected to be valued at $8,675 per acre in 2017. This is a projected decrease of 5.1 percent.

Top cropland in western Ohio rented for an average of $250 per acre in 2016 according to survey results. Top cropland is expected to rent for $240 per acre in 2017 (a decrease of 3.8 percent) which equates to a cash rent of $1.18 per bushel of corn produced. Rents in the top cropland category are expected to equal 2.8 percent of land value in 2017.

Poor Cropland

The survey summary showed the average yield for poor performing cropland to be 139.7 bushels of corn per acre, with the average value of poor cropland as $6,191 per acre in 2016. According to survey data, this poor producing cropland is expected to be valued at $5,698 per acre in 2017. This is a decrease of 8.0 percent.

Poor cropland rented for an average of $154 per acre in 2016 according to survey results. Cash rent for poor cropland is expected to average $150 per acre in 2017 which amounts to a 2.3 percent decrease in cash rent year-over-year. This 2017 rent projection of $150 per acre equates to a cash rent of $1.07 per bushel of corn produced in 2017. Rents in the poor cropland category are expected to equal 2.6 percent of land value in 2017.

Table 1: Ohio Cropland Values and Cash Rents—Western Ohio Results
Land Class   Average Standard Deviation Range*
Average Avg Corn Yield (bu/a) 171.8 18.5 190.3 153.3
Avg Soybean Yield (bu/a) 53.6 5.4 58.9 48.2
Market Value per Acre 2016 $7,702 $1,869 $9,571 $5,833
2017 $7,327 $1,770 $9,097 $5,557
Rent per Acre 2016 $198 $36 $233 $162
2017 $192 $31 $222 $161
Top Avg Corn Yield (bu/a) 203.2 20.2 223.3 183.0
Avg Soybean Yield (bu/a) 64.3 7.3 71.6 57.1
Market Value per Acre 2016 $9,143 $2,042 $11,185 $7,102
2017 $8,675 $1,843 $10,517 $6,832
Rent per Acre 2016 $250 $54 $304 $195
2017 $240 $47 $287 $193
Poor Avg Corn Yield (bu/a) 139.7 20.1 159.9 119.6
Avg Soybean Yield (bu/a) 41.6 6.6 48.2 35.0
Market Value per Acre 2016 $6,191 $1,969 $8,160 $4,222
2017 $5,698 $1,894 $7,592 $3,804
Rent per Acre 2016 $154 $33 $187 $120
2017 $150 $31 $181 $119
Transition Land 2016 $13,924 $7,168 $21,092 $6,756
2017 $14,932 $8,393 $23,325 $6,540
Five Year Projected Percent Change in Cropland Value -6.02% 8.85% 2.83% -14.87%
Five Year Projected Percent Change in Cash Rent -5.16% 9.17% 4.01% -14.33%
Mortgage Interest Rate - 20 Year Fixed - Projected 2017 5.51% 0.62% 6.12% 4.89%
Operating Loan Rate - Projected 2017 4.69% 0.53% 5.22% 4.17%
Pasture Land Value - Projected 2017 - Improved, Non-Rotation $5,227 $2,446 $7,674 $2,781
Pasture Cash Rent - Projected 2017 - Improved, Non-Rotation $112 $61 $173 $51
* Range - One standard deviation above and below the average (mean). Approximately two-thirds of the responses fall within this range.

Northwest Ohio Results

Survey results from northwest Ohio are summarized in Table 2. See Figure 2 for counties included in this region. Additional results, including year-over-year percentage change, rent per bushel of corn, and rent as a percentage of land value, are summarized in Tables 4 and 5.

Figure 2: Northwest Ohio
Average Cropland

Yields for average producing cropland averaged 164.9 bushels of corn per acre or 51.4 bushels of soybeans per acre. Results showed the value of average cropland in northwest Ohio was $6,834 per acre in 2016. According to survey data, this average producing cropland is expected to be valued at $6,480 per acre in 2017. This is a projected decrease of 5.2 percent.

Average cropland rented for an average of $180 per acre in 2016 according to survey results and is expected to rent for $177 per acre in 2017, which is a year-over-year decrease of 1.4 percent. The 2017 rental rate of $177 per acre equaled $1.07 per bushel of corn produced. Rents in the average cropland category are expected to equal 2.7 percent of land value in 2017.

Top Cropland

Survey results indicated top performing cropland in northwest Ohio averaged 197.2 bushels of corn per acre or 60.9 bushels of soybeans per acre. Results also show the average value of top cropland was $8,357 per acre in 2016. According to this survey, top producing cropland in northwest Ohio is expected to be valued at $8,023 in 2017. This is a projected decrease of 4.0 percent.

Top cropland in northwest Ohio rented for an average of $228 per acre in 2016 and is expected to rent for $223 per acre in 2017 (a decrease of 2.2 percent) according to survey results, which equals $1.13 per bushel of corn produced. Rents in the top cropland category are expected to equal 2.8 percent of land value.

Poor Cropland

The survey summary showed the average yield for poor performing cropland in northwestern Ohio equaled 136.0 bushels of corn per acre or 40.5 bushels of soybeans per acre. Results also show the average value of poor cropland was $5,253 per acre in 2016 and is expected to average $4,821 per acre in 2017. This is a projected decrease of 8.2 percent.

Poor cropland rented for an average of $139 per acre in 2016 and is expected to average $137 per acre in 2017 according to survey results (a 1.6 percent decrease) which equals $1.01 per bushel of corn produced. Rents in the poor cropland category are expected to equal 2.8 percent of land value in 2017.

The northwest region for the purposes of this survey includes: Williams, Fulton, Lucas, Ottawa, Defiance, Henry, Wood, Sandusky, Paulding, Putnam, Hancock, Seneca, Van Wert, Allen, Hardin, Wyandot, Crawford, Marion, and Morrow counties and parts of Richland, Huron and Erie Counties, as shown in Figure 2. Counties bordering this region to the south will also contain land parcels with cropland value and rental rate characteristics similar to northwest Ohio data.

Table 2: Ohio Cropland Values and Cash Rents—Northwest Ohio Results
Land Class Average Standard Deviation Range*
Average Avg Corn Yield (bu/a) 164.9 18.1 183.0 146.9
Avg Soybean Yield (bu/a) 51.4 5.3 56.6 46.1
Market Value per Acre 2016 $6,834 $1,165 $7,999 $5,669
2017 $6,480 $1,238 $7,718 $5,243
Rent per Acre 2016 $180 $24 $203 $156
2017 $177 $25 $202 $152
Top Avg Corn Yield (bu/a) 197.2 18.7 215.9 178.5
Avg Soybean Yield (bu/a) 60.9 6.0 66.9 54.9
Market Value per Acre 2016 $8,357 $1,605 $9,962 $6,751
2017 $8,023 $1,602 $9,625 $6,421
Rent per Acre 2016 $228 $41 $269 $187
2017 $223 $42 $265 $181
Poor Avg Corn Yield (bu/a) 136.0 18.3 154.3 117.6
Avg Soybean Yield (bu/a) 40.5 6.5 47.0 34.0
Market Value per Acre 2016 $5,253 $1,129 $6,382 $4,123
2017 $4,821 $1,133 $5,954 $3,688
Rent per Acre 2016 $139 $24 $163 $115
2017 $137 $26 $163 $110
Transition Land 2016 $12,936 $5,607 $18,542 $7,329
2017 $13,286 $5,905 $19,191 $7,380
Five Year Projected Percent Change in Cropland Value -6.68% 8.95% 2.26% -15.63%
Five Year Projected Percent Change in Cash Rent -4.78% 8.52% 3.74% -13.30%
Mortgage Interest Rate - 20 Year Fixed - Projected 2017 5.53% 0.50% 6.04% 5.03%
Operating Loan Rate - Projected 2017 4.81% 0.37% 5.18% 4.44%
Pasture Land Value—Projected 2017—Improved, Non-Rotation $5,600 $2,877 $8,477 $2,723
Pasture Cash Rent—Projected 2017—Improved, Non-Rotation $94 $31 $125 $63
* Range—One standard deviation above and below the average (mean). Approximately two-thirds of the responses fall within this range.

Southwest Ohio Results

Survey results from southwest Ohio are summarized in Table 3. See Figure 3 for counties included in this region. Additional results, including year-over-year percentage change, rent per bushel of corn, and rent as a percent of land value, are summarized in Tables 4 and 5.

Figure 3: Southwest Ohio
Average Cropland

Yields for average cropland were 177.2 bushels of corn per acre or 55.3 bushels per acre of soybeans according to the survey data. Results showed the value of average cropland in southwest Ohio was $8,512 per acre in 2016. According to survey data, average producing cropland is expected to be valued at $8,134 per acre in 2017. This is a projected decrease of 4.4 percent.

Average cropland rented for an average of $212 per acre in 2016 and is expected to rent for $203 per acre in 2017 according to survey results (a 4.0 percent decrease) which equals $1.15 per bushel of corn produced. Rents in the average cropland category are expected to equal 2.5 percent of land value in 2017.

Top Cropland

Survey results indicate top performing cropland in southwest Ohio averaged 208.4 bushels of corn per acre or 67.4 bushels of soybeans per acre. Results also showed that the average value of top cropland was $10,036 per acre in 2016. According to this survey, top producing cropland in southwest Ohio is expected to be valued on average at $9,435 per acre in 2017. This is a projected decrease of 6.0 percent.

Top cropland in southwest Ohio rented for an average of $268 per acre in 2016 and is expected to rent for $255 per acre in 2017 according to survey results which is a year-over-year decrease of 5.1 percent. The 2017 rental rate of $255 per acre equaled $1.22 per bushel of corn produced. Rents in the top cropland category are expected to equal 2.7 percent of land value in 2017.

Poor Cropland

The survey summary shows the average yield for poor cropland in southwestern Ohio was 143.4 bushels of corn per acre or 42.7 bushels of soybeans per acre. Results also showed that the average value of poor cropland was $7,255 per acre in 2016. According to survey data, poor producing cropland is expected to be valued at $6,721 per acre in 2017. This is a decrease of 7.4 percent.

Poor cropland rented for an average of $168 per acre in 2016 and is expected to average $163 per acre in 2017 according to survey results (a 2.9 percent decrease) which equals $1.14 per bushel of corn produced. Rents in the poor cropland category are expected to equal 2.4 percent of land value in 2017.

The southwest region for the purposes of this survey includes: Mercer, Auglaize, Shelby, Logan, Union, Delaware, Darke, Miami, Champaign, Clark, Madison, Franklin, Preble, Montgomery, Greene, Clinton, Fayette and Pickaway counties and parts of Butler, Warren, Brown, Highland and Ross counties as shown in Figure 3. Counties bordering this region to the north will also contain land parcels with cropland value and rental rate characteristics similar to southwest Ohio data.  

Table 3: Ohio Cropland Values and Cash Rents—Southwest Ohio Results
Land Class Average Standard Deviation Range*
Average Avg Corn Yield (bu/a) 177.2 17.2 194.4 160.0
Avg Soybean Yield (bu/a) 55.3 4.8 60.1 50.5
Market Value per Acre 2016 $8,512 $2,042 $10,555 $6,470
2017 $8,134 $1,835 $9,969 $6,300
Rent per Acre 2016 $212 $38 $249 $174
2017 $203 $30 $233 $173
Top Avg Corn Yield (bu/a) 208.4 20.2 228.6 188.3
Avg Soybean Yield (bu/a) 67.4 7.0 74.4 60.4
Market Value per Acre 2016 $10,036 $2,134 $12,170 $7,902
2017 $9,435 $1,832 $11,267 $7,603
Rent per Acre 2016 $268 $58 $326 $211
2017 $255 $46 $301 $209
Poor Avg Corn Yield (bu/a) 143.4 21.2 164.6 122.1
Avg Soybean Yield (bu/a) 42.7 6.5 49.2 36.1
Market Value per Acre 2016 $7,255 $2,181 $9,436 $5,075
2017 $6,721 $2,095 $8,816 $4,626
Rent per Acre 2016 $168 $35 $203 $133
2017 $163 $30 $194 $133
Transition Land 2016 $14,653 $8,205 $22,857 $6,448
2017 $16,288 $9,970 $26,258 $6,318
Five Year Projected Percent Change in Cropland Value -5.50% 8.81% 3.31% -14.31%
Five Year Projected Percent Change in Cash Rent -5.45% 9.71% 4.26% -15.16%
Mortgage Interest Rate—20 Year Fixed—Projected 2017 5.48% 0.72% 6.20% 4.77%
Operating Loan Rate—Projected 2017 4.58% 0.63% 5.22% 3.95%
Pasture Land Value—Projected 2017—Improved, Non-Rotation $5,098 $2,336 $7,434 $2,761
Pasture Cash Rent—Projected 2017—Improved, Non-Rotation $117 $67 $183 $50
* Range—One standard deviation above and below the average (mean).  Approximately two-thirds of the responses fall within this range.
 
Table 4. Average estimated Ohio land value per acre (tillable, bare land), per bu. corn and soybean yields, by geographical area and land class. Ohio Cropland Values and Cash Rents Survey 2016-17.
Area Land Class Corn bu/a Soy bu/a Land Value
Dollars Per Acre % Change 2016-2017
2016
$/A
2017*
$/A
Western Average 171.8 53.6 $7,702 $7,327 -4.9%
Top 203.2 64.3 $9,143 $8,675 -5.1%
Poor 139.7 41.6 $6,191 $5,698 -8.0%
Northwest Average 164.9 51.4 $6,834 $6,480 -5.2%
Top 197.2 60.9 $8,357 $8,023 -4.0%
Poor 136.0 40.5 $5,253 $4,821 -8.2%
Southwest Average 177.2 55.3 $8,512 $8,134 -4.4%
Top 208.4 67.4 $10,036 $9,435 -6.0%
Poor 143.4 42.7 $7,255 $6,721 -7.4%
* Projected Land Value

 

Table 5. Average estimated Ohio cash rent per acre (tillable, bare land), per bushel corn and soybean yields, by geographical area and land class. Ohio Cropland Values and Cash Rents Survey 2015-16.
Area Land Class Corn bu/a Soy bu/a Rent Per Acre
 
Rent per
Bushel Corn
Rent as % of
Land Value
 
2016
$/a
2017*
$/a
% Change
16 to '17
2016
$/Bu
2017*
$/Bu
2016
2017*
Western Average 171.8 53.6 $198 $192 -3.0% $1.15 $1.12 2.6% 2.6%
Top 203.2 64.3 $250 $240 -4.0% $1.23 $1.18 2.7% 2.8%
Poor 139.7 41.6 $154 $150 -2.6% $1.10 $1.07 2.5% 2.6%
Northwest Average 164.9 51.4 $180 $177 -1.7% $1.09 $1.07 2.6% 2.7%
Top 197.2 60.9 $228 $223 -2.2% $1.16 $1.13 2.7% 2.8%
Poor 136.0 40.5 $139 $137 -1.4% $1.02 $1.01 2.6% 2.8%
Southwest Average 177.2 55.3 $212 $203 -4.2% $1.20 $1.15 2.5% 2.5%
Top 208.4 67.4 $268 $255 -4.9% $1.29 $1.22 2.7% 2.7%
Poor 143.4 42.7 $168 $163 -3.0% $1.17 $1.14 2.3% 2.4%
* Projected Rental Rate

Transition Land

For the entire survey area (represented as “Western Ohio” in Table 1), survey respondents estimated the average value of “transition land,” or land being held for sale for residential, commercial or industrial uses, to be $13,924 in 2016, and is expected to be $14,932 in 2017. It should be noted that there is a very wide range in this survey data.

Projected Estimates of Land Values and Cash Rents

Survey respondents were asked to give their best estimates for long-term land value and cash rent change. The average estimate of cropland value change in the next five years for western Ohio (Table 1) is a decrease of 6.02 percent (for the entire five-year period). Responses for the five-year cropland value change ranged from an increase of 10 percent to a decrease of 30 percent.

The average estimate of cash rent change in the next five years is a decrease of 5.16 percent. The cash rent change also had a large range, with responses ranging from an increase of 20 percent to a decrease of 30 percent. These estimates are summarized in Table 1 for the entire survey area and in Tables 2 and 3 for the survey sub-regions.

Interest Rates

Survey respondents were asked to estimate interest rates for 2017 for two borrowing terms: 20 year fixed-rate mortgage and operating loan. The average estimate, according to survey respondents, of 20 year fixed-rate mortgage borrowing is 5.51 percent for 2017. According to the same respondents, the average estimate of operating loan interest rates is 4.69 percent for 2017.

Pasture Land Value and Rental Rates

According to the survey, pasture cash rents are projected to average $112 per acre in western Ohio in 2017, while the average value of pasture land is expected to average $5,227 per acre.

The summary of these responses is presented in Tables 1 through 3 and includes:

  • Transition land values
  • Five year projected percent change in cropland value
  • Five year projected percent change in cash rent
  • Mortgage interest rate—20 year fixed—projected 2017
  • Operating loan rate—projected 2017
  • Pasture cash rent—projected 2017, improved, non-rotation
  • Pasture land value—projected 2017, improved, non-rotation

Additional Resources

This study adds to existing research on Ohio farmland values and cash rents that can assist producers and landowners with purchase and rental decisions. Existing research is available by searching at ohioline.osu.edu:

  • Western Ohio Cropland Values and Cash Rents 2015-16
  • Western Ohio Cropland Values and Cash Rents 2014-15
  • Western Ohio Cropland Values and Cash Rents 2013-14
  • Western Ohio Cropland Values and Cash Rents 2012-13
  • Western Ohio Cropland Values and Cash Rents 2011-12
  • Western Ohio Cropland Values and Cash Rents 2010-11
  • Western Ohio Cropland Values and Cash Rents 2009-10

Search the Ohio State University Department of Agricultural, Environmental, and Developmental Economics at aede.osu.edu for:

  • Ohio Cropland Values and Cash Rents 2005-06
  • Ohio Farm Real Estate Markets (2003)

Also, check with your local OSU Extension Office for local land value/rental survey summaries. For additional information on farmland lease issues, see the Department of Agricultural, Environmental, and Development Economics (AEDE) Farm Management webpage.