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Land Values, Rents, Rent to Value Ratios and Land as an Investment

Damona Doye Sarkeys Distinguished Professor Extension Economist and Regents Professor Roger Sahs Assistant Extension Specialist. Land Values, Rents, Rent to Value Ratios and Land as an Investment. A new website, aglease.info & a reminder about aglease101.org. Sources of data.

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Land Values, Rents, Rent to Value Ratios and Land as an Investment

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  1. Damona Doye Sarkeys Distinguished Professor Extension Economist and Regents Professor Roger Sahs Assistant Extension Specialist Land Values, Rents, Rent to Value Ratios and Land as an Investment

  2. A new website, aglease.info & a reminder about aglease101.org

  3. Sources of data • Land values • USDA National Ag Statistics Service annual summary • Agecon.okstate.edu/oklandvalues • Kansas City Federal Reserve Bank quarterly Ag Credit Survey • Rental rates • OSU survey results in CR-216 and CR-230 • USDA NASS annual statistics • Oklahoma Commissioners of the Land Office

  4. USDA-NASS data (August 2012)

  5. Farm Real Estate Value, 2012 (% change) -2.2% 10.0% 2.75% -1.5% 7.0% 26.5% 5.0% 20.9% 3.4% 23.9% 7.4% 8.2% -4.5% 10.4% 3.7% -7.7% 4.0% 22.8% 33.5% 5.0% 13.6% -3.5% 17.0% 17.5% NC 5 6.4% NC -1.1% -3.9% 13.7% 19.2% 5.2% 11.50 NC NC 26 1.4% 11.3% 2.9% 9.6% NC 12.0% NC -2.4% -7.9% 0.9% N/C 2.9% <0 9.1% -2.1% 1-9 10-19 > 20 USDA-NASS data

  6. Crop Land Average Value by State, 2012 ($ per acre) 2,230 853 1,350 4,050 2,510 4,230 2,560 2,320 2,600 4,000 1,290 7,300 5,650 12,380 4,480 5,000 7,800 6,200 6,800 N/A 2,690 3,500 1,450 4,700 1,750 3,450 500 - 999 7,000 3,340 9,810 4,000 1,000 – 2,499 3,430 1,390 2,370 2,520 8,500 1,830 2,500 – 4,999 2,070 2,300 3,360 5,000 – 15,000 1,690 5,730 2,120 USDA/NASS data

  7. Crop Land Cash Rent, 2012 ($ per acre) 215 58 29.5 151 130 143 115 94 47 79.5 50.5 108 142 72.5 235 176 68 130 122 175 58.5 N/A 212 33 89.5 72 60.5 49 87 130 25 to 50 110 267 70.5 51 to 100 91 32.5 200 94.5 37.5 74 101 to 150 52 99 98 >151 36 76.5 103 USDA/NASS data

  8. www.agecon.okstate.edu/oklandvalues USDA/NASS data

  9. USDA/NASS data

  10. Average Annual Dryland Cash Rental Rates ($/acre) North central East Northwest Southwest Source: OSU/NASS survey, fall 2012

  11. Pasture Land Average Value by State, 2012 ($ per acre) 810 570 490 620 1,500 2,130 1,210 590 1,250 2,500 450 2,600 3,000 660 3,200 2,600 3,100 13,500 N/A 920 640 2,100 2,800 4,100 950 1,820 500 - 999 2,450 4,400 3,580 1,000 – 2,499 1,150 950 2,300 350 2,850 2,500 – 4,999 1,930 1,550 4,200 5,000 – 15,000 1,560 2,300 4,300 USDA/NASS data

  12. Average Pastureland Rent, 2012 ($ per acre) 5.90 24.50 14 17.50 34 4.80 46 38 17.50 35 N/A 5 4.60 21 28 16.50 0 to 5 11.50 26 5 to 14 20 11.50 2.80 15 to 24 19 28 16 25 to 50 6.50 18 12.50 USDA/NASS data

  13. www.agecon.okstate.edu/oklandvalues

  14. USDA/NASS data

  15. OK Pasture Land Values as a Percent of Cropland Values http://agecon.okstate.edu/oklandvalues/

  16. Average Annual Pasture Cash Rental Rates ($/acre) North central Northwest East Southwest Source: OSU/NASS survey, fall 2012

  17. USDA/NASS data

  18. www.agecon.okstate.edu/oklandvalues

  19. 2009-2011 Cropland and Pasture Values by Size of Tract http://agecon.okstate.edu/oklandvalues/

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