Stories by Barry Ward

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 […]


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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.)