Simple lease of farmland from landowner to tenant for purposes of farming and/or livestock.
Ohio Simple Farm Lease or Rental
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US-801LT
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FAQ
Ohio's cropland cash rent was $156.00 per acre in 2020, up $1.00 from the previous year. Cropland cash rents in the Corn Belt region decreased $1.00 from last year to $202.00 per acre.
Ohio Farmland Prices Over the last 20 years, the price of farmland per acre in ohio has risen by an average of 5.2% per year to $6,460 per acre as of 2019. This represents an increase of $3,940 per acre of farmland over this time period.
Farms of ten acres or less of qualifying land must report their yearly gross income and must maintain an average yearly gross income of $2,500 to continue to qualify for the program. 4.
Most farmers find that a combination of both ownership and leasing is desirable, especially when capital is limited. For many new farmers, especially in areas where land is quite expensive, leasing land is often the best option.
Average cash rents in Ohio increased 2.6% in 2021 to $160 per acre according to this survey. Each year, Ohio State University Extension (The Ohio State University College of Food, Agricultural, and Environmental Sciences) conducts an Ohio Cropland Values and Cash Rents Survey.
Over the last 20 years, farmland rental rates per acre in ohio have risen from an average of $73 per acre in 1997 to $156 per acre in 2019. This represents an increase of $83 over this time period with an average implied capitalization rate of 2.6%.
Average cropland rented for an average of $199 per acre in 2020 according to survey results. Average cropland is expected to rent for $207 per acre in 2021 which amounts to a 3.88 percent increase in cash rent year-over-year.
Ohio's cropland cash rent was $160.00 per acre in 2021, up $4.00 from the previous year. Cropland cash rents in the Corn Belt region increased $2.00 from last year to $206.00 per acre.
Ohio's cropland cash rent was $156.00 per acre in 2020, up $1.00 from the previous year. Cropland cash rents in the Corn Belt region decreased $1.00 from last year to $202.00 per acre.
