I am renting a 276 acre farm in Huntsville to a local farmer and am trying to...
I am renting a 276 acre farm in Huntsville to a local farmer and am trying to determine a fair rental. Do you know what the rental range in this area is and is there any way to estimate the yield per acre? He grows corn.
Logan County Ohio
There is no OSU Extension AgNR educator in Logan County so no local information is available. OSU does not do county by county land rent surveys but across a larger region. The Ag Statistic Service (NASS) does rental surveys by county - you can check their websites to learn more. It's good you know that land rental price is based on yield. First ask the grower their yield if limited response then perhaps check with the local FSA office. Recently the "Farm Bill" offered new options on farm security - assuming the renter updated their yield records, you should be able to find the information from that Logan County USDA Farm Service Agency.
This link form our OSU survey work will help develop a land rental price, but keep in mind it is always a negotiation as there are many factors that go into a farm rental rate: http://ohioagmanager.osu.edu/farm-rents/western-ohio-cropland-values-and-cash-rents-2014-15/. There is some age to this so you may have to do more reading.
There are some workshops across Ohio that may help understand the process: http://ohioagmanager.osu.edu/farm-rents/farmland-leasing-workshops-offered-throughout-ohio-2/
This also may help to understand why rental rates may be going down this year: http://ohioagmanager.osu.edu/farm-rents/examining-land-values-rents-crop-input-costs-margins-in-2016...