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.
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.
Farming is a complex business and many Ohio farmers utilize outside help for specific farm-related work. This option is appealing for tasks requiring specialized equipment or technical expertise. Often, having someone else with specialized tools perform a task is more cost effective and saves time. Farm work completed by others is called “custom farm work” or more simply, “custom work.” A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider.
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 percent in 2016 depending on the region and land class. Cash rents are expected to decline from 5.6 percent to 7.6 percent depending on the region and land class.
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 percent in 2015 depending on the region and land class. Cash rents are expected to decrease from 6.2 to 8.5 percent depending on the region and land class.
Ohio cropland varies significantly in its production capabilities and cropland values and cash rents vary widely throughout the state. Generally speaking, western Ohio cropland values and cash rents differ substantially from eastern Ohio cropland values and cash rents.
A large number of Ohio farmers hire out for machinery operations and other farm related work. This is often due to lack of proper equipment, lack of time or lack of expertise for a particular operation. Many farm business owners do not own the necessary equipment for every possible job that they may encounter in the course of operating a farm and may, instead of purchasing the equipment needed, seek out someone with the proper tools necessary to complete the job.
Ohio cropland varies significantly in its production capabilities and cropland values and cash rents vary widely throughout the state. Generally speaking, western Ohio cropland values and cash rents differ substantially from eastern Ohio cropland values and cash rents.
A large number of Ohio farmers hire out for machinery operations and other farm related work. This is often due to lack of proper equipment, lack of time, or lack of expertise for a particular operation. Many farm business owners do not own the necessary equipment for every possible job; instead of purchasing the equipment needed, they seek out someone with the proper tools necessary to complete the job.
Ohio cropland varies significantly in its production capabilities, and cropland values and cash rents vary widely throughout the state. Generally speaking, western Ohio cropland values and cash rents differ substantially from eastern Ohio cropland values and cash rents. This is due to a number of factors including land productivity, potential crop return, the variability of those crop returns, field size, field shape, drainage, population, ease of access, market access, local market price, potential for wildlife damage, and competition for rented cropland in a region.