Farm Real Estate Value, 2015 (% change) 8.0% 1.2% 0.5% 3.5% 5.5% - - PowerPoint PPT Presentation

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Farm Real Estate Value, 2015 (% change) 8.0% 1.2% 0.5% 3.5% 5.5% - - PowerPoint PPT Presentation

Jul 13, 2023 99 likes •301 views

Farm Real Estate Value, 2015 (% change) 8.0% 1.2% 0.5% 3.5% 5.5% 3.4% -1.1% 4.7% 12.1% 6.8% 11.1% 4.3% 4.8% 0.7% -5.9% -1.8% -2.2% 4.6% 3.6% 0.9% 1.0% -0.3% 6.7% 1.6% 8.1% -1.0% 3.2% 5.5% -0.2% 1.4% 9.5% 1.1% 7.0%

slide-1
SLIDE 1

Farm Real Estate Value, 2015 (% change)

6.8%

  • 1.1%
  • 1.8%
  • 5.9%
  • 0.3%

5.5%

  • 2.2%
  • 1.0%

8.1% 12.1% 1.2% 1.4%

  • 0.9%

4.9% 3.4% 9.5% 4.9% 6.7% 3.5%

  • 1.9%

4.8% 5.5%

N/C > 20 10-19 1-9 <1

USDA-NASS data

3.6% 8.0% 3.4% 4.6% 1.1% 1.0% 7.0% 3.2% 4.7% 4.3%

  • 0.2%

11.1% 0.7% 0.9% 1.6% 1.4% 1.2% 0.5%

slide-2
SLIDE 2

Cropland Average Value by State, 2015 ($ per acre)

USDA/NASS data

7,950 6,470 4,600 13,500 4,550 4,750 5,070 7,650 5,900 2,600 8,200 5,850 3,810 2,210 2,620 7,000 3,730 4,100 3,720 2,140 4,440 3,470 2,850 6,560 2,460 3,160 2,500 8,320 2,630 1,840 1,620 997 3,200 1,910 1,370 3,300 1,440 2,630 2,600 10,690

N/A 500 - 999 1,000 – 2,499 2,500 – 4,999 5,000 – 15,000

2,670

slide-3
SLIDE 3

Cropland Value, 2015 (% change)

5.7%

  • 2.5%

1.0%

  • 6.3%
  • 0.6%

4.4%

  • 2.1%
  • 2.2%

8.1% 8.7%

  • 0.4%

1.2% 2.1% 2.6% 5.0% 1.9% 8.0% 9.5% 3.8% 1.0%

  • 0.7%

4.8% 5.4%

N/C >10 1-9 <1

USDA-NASS data

3.5% 2.7% 4.0% 4.6% 1.1% 1.2% 3.5% 4.8% 5.3% 1.1%

  • 2.4%

2.8% 3.8% 0.9%

N/A

$1620

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SLIDE 4

USDA/NASS

Oklahoma Non-Irrigated Cropland Value Trend

  • 200

400 600 800 1,000 1,200 1,400 1,600 1,800 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 non-irrig cropland price Linear (non-irrig cropland price)

slide-5
SLIDE 5

Capitalized Values: Oklahoma Non-Irrigated Cropland

USDA/NASS + 10 year t-note

  • 200

400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 non-irrig cropland price capitalized cropland value

slide-6
SLIDE 6

Pasture Land Average Value by State, 2015 ($ per acre)

2,850 1,430 2,680 2,500 1,900 3,550 1,390 3,400 1,950 3,140 870 850 980 2,750 4,700 3,500 4,050 13,500 2,140 3,580 2,940 2,290 2,590 2,140 1,420 1,600 940 760 1,250 650 340 1,050 510 2,700 660 820

USDA/NASS data

N/A 300 - 999 1,000 – 2,499 2,500 – 4,999 5,000 – 15,000

6,000

slide-7
SLIDE 7

Pasture Value, 2015 (% change)

16.3% 18.8%

  • 1.7%
  • 5.9%

4.4% 13.3%

  • 3.3%

6.9% 5.4% 14.0% 3.1% 1.9% 2.9%

  • 1.9%

3.6% 1.4% 4.4% 1.3% 6.7% 1.6%

  • 5.6%

4.1% 5.5%

N/C >10 1-9 <1

USDA-NASS data

1.3% 1.2% 4.8% 1.0% 2.2% 1.9% 2.5% 7.2%

  • 1.3%

7.5% 1.4%

N/A

$1420

slide-8
SLIDE 8

Oklahoma Pastureland Value Trend

USDA/NASS

  • 200

400 600 800 1,000 1,200 1,400 1,600 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 pasture price Linear (pasture price)

slide-9
SLIDE 9

Capitalized Values: Oklahoma Pastureland

USDA/NASS + 10 year t-note

  • 200

400 600 800 1,000 1,200 1,400 1,600 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 pasture price capitalized pasture value

slide-10
SLIDE 10

USDA-NASS

500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 $/acre

US and OK Land Values

US Pasture Land Value OK Pasture Land Value US Cropland Value OK Non-irrig Cropland Value

slide-11
SLIDE 11
  • 200

400 600 800 1,000 1,200 1,400 1,600 1,800 $/acre

Oklahoma Farmland Values

Pasture Non-irrigated cropland

USDA/NASS

slide-12
SLIDE 12
  • 5%

0% 5% 10% 15% 20% 25% 30% 35% Percent change

Percent Change in Farmland Values

Pasture Non-irrigated cropland

USDA/NASS

slide-13
SLIDE 13

500 1000 1500 2000 2500 1998 2000 2002 2004 2006 2008 2010 2012 2014 $/acre

Oklahoma Land Values

Pasture OSU Pasture NASS Cropland OSU Cropland NASS

slide-14
SLIDE 14

Crop Land Cash Rent, 2015 ($ per acre)

USDA/NASS data

33.5 33 40 44 39 57.5 59.5 65.5 60.5 69 82.5 68.5 67 74.5 88.5 93 97.5 90.5 126 101 110 118 110 116 134 148 132 150 208 181 158 206 197 215 146 228 250 329 106

N/A 25 to 50 51 to 100 101 to 150 >151

slide-15
SLIDE 15

USDA/NASS

5 10 15 20 25 30 35 200 400 600 800 1,000 1,200 1,400 1,600 1,800 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 Cash Rent ($/ac) Land Value ($/ac)

Oklahoma Non-Irrigated Cropland Cash Rents and Land Prices

Land Value Cash Rent

slide-16
SLIDE 16

Average Pastureland Rent, 2015 ($ per acre)

USDA/NASS data

34 28 27 50 35 18 28.50 20 34 27 21 23 20 27 13 28 17 19 12 7.50 5 5.80 3 5 5 14

N/A 0 to 5 5 to 14 15 to 24 25 to 50

18 12 27 15

slide-17
SLIDE 17

USDA/NASS

2 4 6 8 10 12 14 200 400 600 800 1,000 1,200 1,400 1,600 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 Cash Rent ($/ac) Land Value ($/ac) Year

Oklahoma Pasture Cash Rents and Land Prices

Land Value Cash Rent

slide-18
SLIDE 18

USDA/NASS

1 2 3 4 5 6 Rent to Value

US Cropland Rent to Value OK Non-Irrig Cropland Rent to Value US Pasture Rent to Value OK Pasture Rent to Value

US and OK Cropland and Pasture Rent to Value Ratios