Stories by Barry Ward

About Barry

(Barry Ward is the leader of production business management in the Ohio State University Extension’s department of agricultural, environmental and development economics.)

Outlook for the upcoming year’s crop input, farmland value and cash rent

Thursday, December 19, 2013

Cropland values in Ohio have increased again in 2013. Data from the Ohio Ag Statistics Service shows an increase of 12 percent for bare cropland in Ohio for 2013. According to their data, bare cropland averages $5600/acre, up from $5000/acre the previous year. The Ohio Cropland Values and Cash Rents Survey (AEDE) conducted in January […]

OSU economist: 2014 farm land values flat, or in decline

Sunday, December 1, 2013

After years of record growth, have farmland values reached their peak?

Fertilizer prices: Many factors to consider

Thursday, October 31, 2013

Many factors will influence fertilizer prices this fall, into 2014

Factors affecting cash rental rates

Thursday, July 18, 2013

Ultimately, supply and demand of cropland for rent will determine the cash rental rate for each parcel. The expected return from producing crops on a farm parcel is the overriding factor in determining the demand for a farm and is the primary driver in establishing an equitable rental rate. Local supply and demand of cropland […]

What is it that’s driving farmland value?

Thursday, May 30, 2013

Farmland values continue to increase by large amounts each year and have reached record levels in most states in the Midwest, measured by both non-inflation adjusted (nominal) and inflation adjusted (real) values.

Field crop enterprise budgets will keep you in line

Wednesday, April 10, 2013

Budgeting helps guide you through your decision making process as you attempt to commit resources to the most profitable enterprises on the farm. Crops or livestock? Corn, soybeans, wheat, hay? We can begin to answer these questions with well thought out budgets that include all revenue and costs. Without some form of budgeting and some […]

Flexible cash farm leases: Do or do not? (Or give them a try?)

Thursday, February 14, 2013

When it comes to cash lease rates, the local diner does not qualify as a reliable information clearinghouse.

Crop input outlook for 2013

Thursday, January 3, 2013

Crop profitability prospects for 2013 are positive for the three major row crops in Ohio. Input costs have increased from last year, but high crop futures prices for 2013 crops will allow producers to plan for positive margins next year. OSU Extension enterprise budget projections show positive returns for corn, soybeans and wheat in 2013. […]

Farmland value and rent outlook 2013

Thursday, November 8, 2012

COLUMBUS — Cropland values in Ohio have increased again in 2012. Data from the Oho Ag Statistics Service shows an increase of 13.6 percent for bare cropland in Ohio for 2012. According to their data, bare cropland averages $5000/acre, up from $4400/acre the previous year. An OSU Extension survey conducted in December 2011 estimated that […]

Machinery custom rates for silage operations can vary by method

Thursday, August 9, 2012

Significant drought conditions in many parts of Ohio have led to an increased interest in harvesting corn as silage. With very few farmers owning silage-making equipment, many are looking to neighbors that do own silage harvesting-equipment or professional custom farming providers to help them meet their needs. Questions arise about custom farming rates and the […]

Interpreting Ohio Farm Custom Rates

Thursday, June 21, 2012

A large number of Ohio farmers hire machinery operations and other farm related work to be completed by others. 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 equipment for every possible job that they may encounter […]

AgLease 101 provides lease bulletins and information for renting, etc.

Thursday, March 8, 2012

COLUMBUS — Close to sixty percent of the cropland in the north central region of the United States (including Ohio) is rented. Leasing methods, laws and rental rate discovery are important topics to land owners and land operators. The North Central Farm Management Extension Committee has recently updated several lease bulletins and lease templates that […]

2012 outlook: What can we expect in farmland values and rent prices?

Thursday, January 12, 2012

No revelation! Cropland values in Ohio have increased in 2011. An OSU Extension survey conducted in December 2010 estimated the increase in value of Ohio cropland in 2011 would be 5.3-6.0 percent. This was prior to sharp run ups in commodity prices.

Crop input outlook for next year

Wednesday, November 23, 2011

Crop profitability prospects for 2012 are positive for the three major row crops in Ohio. Input costs have increased from last year but high futures prices for 2012 crops allow producers to plan for positive margins for next year. OSU Extension Enterprise Budget projections show positive returns for corn, soybeans and wheat in 2012. OSU […]

Dairy Excel: Establishing a fair fixed cash rental rate may not be as easy as thought

Thursday, August 25, 2011

Ultimately, supply and demand of cropland for rent will determine the cash rental rate for each parcel. The expected return from producing crops on a farm parcel is the overriding factor in determining the demand for a farm and is the primary driver in establishing a fair rental rate. Local supply and demand of cropland […]

Dairy Excel: OSU’s ag economics information just got a lot easier to access

Thursday, August 4, 2011

The Department of Agricultural, Environmental, and Development Economics has a new look to its website.

Planning ahead for tax time may make the best financial sense

Thursday, December 2, 2010

There are some new tax issues and resources for 2010 and 2011. Expenses increase. Tax Benefit – Section 179 Expensing Increased from $250,000 to $500,000 for 2010 and 2011. The recently passed “Small Business Jobs Act of 2010” signed into law Sept. 27 allows for opportunity for sizable tax write-off for farmers in 2010 and […]

Calculate costs carefully before contracting custom farm work

Thursday, August 5, 2010

Numerous Ohio farmers hire workers to complete machinery operations and other farm related work due to lack of equipment, time or expertise. Many farm business owners do not own equipment for every possible job they encounter in the course of operating a farm. Instead of purchasing the equipment needed, they seek out someone with the […]

Enterprise Budgets are starting points

Thursday, December 3, 2009

Budgeting helps guide you through your decision making process as you attempt to commit resources to the most profitable enterprises on the farm. Crops or livestock? Corn, soybeans or wheat? We can begin to answer these questions with well thought out budgets that include all revenue and costs. Without some form of budgeting and some […]

Flexible Cash Lease Calculator decision aid at OSU farm management

Thursday, July 2, 2009

Now, more than ever, big swings in crop prices and input costs points toward negotiating some flexibility in cash leases for farmland. “Volatile” and “uncertain” are two words that might best describe grain prices and input costs for row crop production heading into the 2009 planting season. With this increased volatility and uncertainty, risk increases […]

eNewsletter

Get our Top Stories in Your Inbox