Farm Financial Management

Registration OPEN!: 2025 Ag Lender Seminars by OSU Extension

Registration is now OPEN for the 2025 Ag Lender Seminars by OSU Extension.

A great lineup of speakers, professional development, and networking.  Please check out the 2025 Featured Speakers, Agendas, and Registration pages for more details.  Time of day for Seminars is 9 am to 3 pm. Dates and location addresses are listed on each site-specific agenda and provided here:

  • October 14 – Ottawa, OH -Putnam County Educational Service Center, 124 Putnam Pkwy, Ottawa, OH  45875
  • October 16 – Urbana, OH -Champaign Co Community Center Auditorium, 1512 U.S. Hwy 68, Urbana, OH 43078
  • October 16 – Washington CH, OH -Fayette County Extension Office, 1415 US Hwy. 22 SW, Washington Court House, OH 43160
  • October 21 – Wooster, OH – OSU CFAES Fisher Auditorium, 1680 Madison Ave., Wooster, OH  44691

To register or find more details, check out the link at: https://u.osu.edu/aglenderseminars/

2024 Ohio Farm Custom Rates Released

Farm equipment in a field.

Article is taken from https://agcrops.osu.edu/newsletter/corn-newsletter/2024-21/2024-ohio-farm-custom-rates-released by Barry Ward, Eric Richer, CCA, John Barker, Amanda Bennett

Farming is a complex business and many Ohio farmers utilize outside assistance 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 tasks is more cost-effective and saves time. Farm work completed by others is often referred to as “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.

Custom rates increased for the majority of field operations in 2024 as compared to surveyed rates in 2022 but the increases did vary by operation. Examples include an increase of 6% for Planting Corn (30 Inch Rows with Fertilizer Application), 5.6% for Harvesting Corn (Combine, Grain Cart, Haul Local to Farm), 21% for Spraying (Self-Propelled Sprayer, Crop Protection Chemicals), and 24% for Field Cultivator.

New field operations in this year’s survey and summary include drone/UAV application and cover crop seeding.

Continue reading 2024 Ohio Farm Custom Rates Released →

Ohio Legislative Update: County Fair Funds, Water Quality Bonds, Animal-drawn Vehicles, Regulation, Broadband Services, Eminent Domain, Beginning Farmer Funds, Wind, Solar

BY  | APRIL 16, 2021 · 8:05 AM

Hopefully, Ohio’s planting season will soon be as busy as its legislative season.  There’s a lot of activity down at the capitol these days, with many bills on the move.  Here’s a summary of bills that could impact agriculture and rural communities. Note that the summary doesn’t include the budget bill, which we’ll address in a separate article.

Water quality bonds.  A joint resolution recently offered in the Senate supports amending Ohio’s Constitution to create permanent funds for clean water improvements.  S.J.R. 2, a bipartisan proposal from Theresa Gavarone (R-Bowling Green) and Kenny Yuko (D-Richmond Hts.) would place a ballot issue before voters in November.  The issue proposes amending the Constitution to allow for the issuance of general obligation bonds to fund clean water improvements.  Up to $1 billion over 10 years would be permissible, with no more than $100 million allocated in any fiscal year.  Bond funds would create a permanent source of funding for the H2Ohio program, which is now dependent upon the state budget process.

Continue reading Ohio Legislative Update: County Fair Funds, Water Quality Bonds, Animal-drawn Vehicles, Regulation, Broadband Services, Eminent Domain, Beginning Farmer Funds, Wind, Solar →