What is the average cost per acre for leasing land to a local farmer for corn...
What is the average cost per acre for leasing land to a local farmer for corn in 2013? Any information for how the lease value is determined would be greatly appreciated.
Clinton County Ohio
I have been out of town so this is the first chance to get back to you.
For Clinton County the average is moving and quite variable - no one answer fits all. It is based on negotiations between farmer and landowner. Our average in the county is somwwhere between $150 and $185 for most good productive ground. Yes we have highs of over $225 but this would get the average. As I said - this has been a moving target over trhe last 5 years in the county.
If you want more direct info on this subject email Barry Ward at the following email He is the (He deals with this subject matter for Ohio) Assistant Professor, OSU Extension Leader, Production Business Management
Department of Agricultural, Environmental, and Development Economics
Below is a good paper that will help you make decisions with regards to rent costs.
Hope this helps some.