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Join OSU Extension in Muskingum County for the 2022 regional Agricultural Policy and Outlook Meeting. This school will focus on topics of farm inputs, rent, real estate, agricultural law, grain marketing, and 2023 Farm Bill. Featured speakers include Barry Ward, Peggy Hall, Matt Roberts and Carl Zulauf. This program is made possible with support from the Ohio Corn and Wheat Growers Association. Growers and producers from around the region are encouraged to attend.
Date and time: Monday, February 14, 2020, 9:00 AM to 12:30 PM
Location: Muskingum County Conference and Welcome Center, 205 N. 5th St, Zanesville, OH
PRE-Registration is required, and the fee is $20 per person. The registration deadline is Wednesday, February 9, 2022. Online registration is available at go.osu.edu/muskingumoutlook. Contact the Muskingum County Extension office at 740-454-0144 or martin.2422@osu.edu with questions.
Questions often arise as to what constitutes a fair rental price. Since there is not a commercial market for pasture, determining the price often becomes a matter of bargaining. Supply and demand is probably the most important factor in determining the price. If there is a large quantity of pasture available in a given area and very few farmers needing extra pasture, rents may be low. Likewise, if there were little pasture acreage for rent but many farmers needing extra pasture, rents may be bid higher.
From OSU Factsheet, Establishing a Fair Pasture Rental Rate, FR-8, By Jeff Fisher and David Mangione.
This is a good source for information if you are in discussion for pasture rental agreements and seeking guidance on setting a price.
This is one time of year when questions start coming in about leasing, custom rates, and cash rents. The Extension office is often a source that land owners and producers check. However, we really do not have a crystal ball to look in nor do we actually have the entire scoop on what all of the going rates are. But here is what we do have up our sleeve to get you started if you are trying to make sense of some arrangements. Some numbers here will make sense and some will make you scratch your head, as each production arrangement is different. There are many ways to arrive at a rental agreement and these are only one way down that path.
Establishing a Fair Pasture Rental Rate
Western Ohio Cropland Values and Cash Rents
USDA County Estimates (Ohio Cash Rent County Estimates 2016)