Cropland Values and Cash Rents in Ohio from 2008-2009: Analysis and Report
Holy Moly, Let's Talk Ohio Cropland!
The dirt farms in Ohio sure have seen some changes over the years, particularly in 2009! The annual "Ohio Cropland Values and Cash Rents" survey, conducted by a slew of agricultural experts, hints at some interesting signs back then.
In 2008, top land yielded an average of 180.7 bushels of corn per acre, 56.5 bushels of soybeans per acre, and went for $5,131 per acre. Average land managed a more modest 146.3 bushels of corn and 44.3 bushels of soybeans, valued at $4,257 per acre. Poor land, while still productive, averaged 111.7 bushels of corn, 32.5 bushels of soybeans, and $3,292 per acre.
But what about 2009? Well, Buck-wild Ohio! Top land was projected to fall slightly to $5,007 per acre with a yield of around 180.7 bushels of corn and 56.5 bushels of soybeans. Average land was expected to drop to $4,126 per acre, while poor land took a bigger hit, dipping to $3,131 per acre. As for rent, top soil wasn't gonna give up any cheaper, sticking to an average of $165 per acre, while average and poor land held steady at $128 and $92 an acre, respectively.
The survey didn't stop there. It also covered northwest and southwest Ohio, breaking down the numbers by region. For example, in northwest Ohio, top and average land rents for 2009 were expected to be $161 and $130 per acre, respectively. In southwest Ohio, the numbers were a little higher, with top and average land rents projected to be $192 and $148 per acre.
Sadly, the search didn't uncover any specific data or projections about the change in Ohio cropland values and cash rents from 2008 to 2009, nor any regional or land productivity variations within Ohio for that period. However, folks said cropland values and rents in 2009 generally took a hit due to the ongoing financial crisis of 2008, but the changes varied greatly by local market conditions, land productivity, and crop types.
So there you have it, the gritty, no-holds-barred rundown of Ohio cropland values and cash rents during the trying times of 2009. Hope this helps you grow your crop of knowledge, cowboy (or cowgirl)!
By the way...The available resources mainly dealt with federal regulations, general agricultural appropriations, and policy updates from 2025, with no historical cropland value or rent forecasts for Ohio in 2009. To get a handle on the nitty-gritty details of Ohio cropland values and rents from 2008-2009, you might wanna dig into specialized agricultural economics reports or USDA NASS publications from that period.
In light of the mentioned agricultural survey, it appears that discussions about farm management could involve analyzing the changes in Ohio cropland values and cash rents from 2008 to 2009, potentially providing insights for investing in real-estate related to farming. Additionally, understanding the financial implications of such changes would be crucial for making informed decisions, as the ongoing financial crisis of 2008 impacted the cropland values and rents noticeably, albeit variable by local market conditions, land productivity, and crop types.
