Western Ohio Cropland Values and Cash Rents 2018-19 New Survey Released
From Barry Ward, Leader, Production Business Management, Director, OSU Income Tax Schools, OSU Extension, Agriculture & Natural Resources
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.
The link to the full document is located here: https://farmoffice.osu.edu/sites/aglaw/files/site-library/farmmgtpdf/WesternOhioCroplandValuesCashRents2018-19.pdf
Note from Sarah: When looking at the survey make sure to refer to Table 2 (NW Ohio) and that average yields calculated are for 5 years based upon corn and soybeans.