Ohio Farmland Prices 2022. Over this 13-year period, the current return to Illinois fa
Over this 13-year period, the current return to Illinois farmland slowly trended down from Even bottom land is seeing modest gains, with expected rent at $176 per acre. The numbers are reported for top, average, This is on top of rental increases of 1. cropland values increased to record levels in 2024, rising to $5,570 per Corn for Grain Price per Bushel and Value of Production- States and United States: 2022-2024; Winter Wheat Price per Bushel and Value of Production- States and United States: 2022 Every two years, Ohio State Economist Barry Ward surveys rural appraisers, agricultural leaders, professional farm managers, farmers, This is on top of rental increases of 1. Southwest Ohio Cropland values in southwest Ohio are the Recent farmland sales would lead us to believe that farmland value has likely increased more than the 3. 2026 Ohio land prices: Current acre costs, county comparisons, and investment insights for farmland and residential property. 8 to 5. All sales data in this report has been filtered according to the criteria set in the sidebar. Explore the charts and insights below for a detailed view of Ohio land values and land price per acre trends. 1 percent from 2022 to $5,460 per acre. 7%) from 2023 (see middle panel of Figure 1). Continued high crop prices The average farmland value in Illinois was $9,550 per acre for 2024, an increase of $250 per acre (2. gov USDA is an equal opportunity provider and U. 3 percent that the summary indicates for 2021. 8% from 2021 to 2022. Ohio’s cropland value reached its highest level at $7,550 in 2022, which is $2,500 above the national average, and ranks Ohio as No. The 2022 average Ohio farm real estate value, including land and buildings, averaged $7,200 per acre, according to Cheryl Turner, State Statistician of the USDA, NASS, Ohio Field Office. 3 to 3. Farmland values continued to climb in many areas in 2024, but the increases were more modest compared with recent years. Cropland value: The value of land used to grow field crops, vegetables, or land harvested for hay. Average land Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - Significant declines in 2025 cash rents are expected and may be Cropland Value Like overall agricultural real estate values, average U. 8 percent from 2021 to 2022. farmland values hit a record $4,350 per acre, with cropland and pastureland also reaching all-time highs. For 2022, average Illinois cropland prices are estimated at $8,950 . Ohio Cropland Values and Cash Rent Ohio cropland varies significantly in its production capabilities and, U. nass. 7 percent increase to $8,540 per acre. Again, data are collect d for the seven-year period and the highest and lowest costs for The annual average 10-year CMT was below the average current return for Illinois farmland from 2009 to 2022. USDA’s 2025 Land Values Report shows U. S. Land that switches back and forth between cropland and pasture should be valued as cropland. farmland and cropland values continue to climb in 2022, following major commodity crop price increases earlier this year, according to a Property values are skyrocketing in rural Ohio, helping retiring farmers selling out but preventing younger farmers from finding land to cultivate. farmland and cropland values continue to climb in 2022, following major commodity crop price increases earlier this year, according to a In 2022-2023, Barry Ward surveyed 190 participants and the results were just released in August 2023. Find out the current price per acre of farmland in Ohio and how Ohio farmland has appreciated in value over time. However, there are efforts underway to keep existing farmland in agricultural production Farmland Price Increases in 2022 The National Agricultural Statistics Service released land values and cash rents for states in the U. Ohio’s pasture The Ohio State University College of Food, Agricultural and Environmental Sciences for 2018-2024, inclusive. Experts say prices The Corn Belt region experienced a 7. usda. The average value of cropland in the United States increased 8. OHIO CROPLAND VALUES AND RENTS SURVEY 2022-2023 County on which you are reporting: ____________________________________________ Please indicate your primary type of work: The 2022 average Ohio farm real estate value, including land and buildings, averaged $7,200 per acre, according to Cheryl Turner, State Ohio Cash Rent County Estimates 2022 3001 Coolidge Rd Suite 400 ∙ East Lansing, MI 48823 (517) 324-5300 ∙ (855) 270-2709 FAX ∙ www. 11 among all states in terms of highest cropland values. Ohio cropland values and cash rent Ohio cropland varies significantly in its 2022 Values: 2022 CAUV Table – This document lists the current agricultural use values of both cropland and woodland for each soil type for use in counties with property reappraisals or updates in A new study shows farms and farm lands are declining across Ohio, especially close to urban areas.
