Land Values, Rents and Rent to Value Ratios Damona Doye Sarkeys - - PowerPoint PPT Presentation

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Dec 17, 2022 555 likes •733 views

Land Values, Rents and Rent to Value Ratios Damona Doye Sarkeys Distinguished Professor Extension Economist and Regents Professor Roger Sahs Assistant Extension Specialist Farm Real Estate Value, 2012 (% change) -2.2% 10.0% 2.75% -1.5%

SLIDE 1

Land Values, Rents and Rent to Value Ratios

Damona Doye

Sarkeys Distinguished Professor Extension Economist and Regents Professor

Roger Sahs

Assistant Extension Specialist

SLIDE 2

Farm Real Estate Value, 2012 (% change)

7.4% 20.9% 4.0% 22.8% 17.5% 26.5% 33.5% 19.2% 13.7% 23.9%

1.1%
2.4%

1.4% 26

7.9%

9.1% 0.9% 11.3% 2.9% 6.4% 7.0% 12.0% 5 3.7% 11.50

N/C > 20 10-19 1-9 <0

USDA-NASS data

13.6% 10.0% 5.0% 5.0% 2.9% NC 9.6% 5.2% 3.4% 10.4% NC NC NC 8.2%

4.5%
7.7%
3.5%
3.9%

NC NC 2.75%

1.5%
2.2%

SLIDE 3

USDA-NASS data (August 2012)

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

US and OK Land Values

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

SLIDE 4

Crop Land Average Value by State, 2012 ($ per acre)

USDA/NASS data

7,800 7,000 4,230 12,380 4,000 4,050 4,480 6,800 5,650 2,600 7,300 5,000 3,340 1,750 2,070 6,200 2,320 4,000 3,450 1,350 4,700 3,430 2,300 5,730 2,520 3,360 2,120 8,500 2,370 1,690 1,390 853 2,560 1,450 1,290 2,690 1,830 2,510 9,810

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

SLIDE 5

Crop Land Cash Rent, 2012 ($ per acre)

USDA/NASS data

32.5 29.5 33 37.5 36 49 47 60.5 52 58 50.5 72.5 58.5 68 72 70.5 74 87 89.5 76.5 79.5 94 91 98 108 103 99 115 130 110 122 130 215 151 143 142 176 175 200 130 212 235 267 94.5

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

SLIDE 6

USDA/NASS data

SLIDE 7

Change in Non-Irrigated Cropland Rent from 2011 to 2012

Increase >15% Increase 5 to 15% Decrease 5 to 15% Change <5% +/- Decrease >15% Not Reported

USDA/NASS data

SLIDE 8

Average Annual Dryland Cash Rental Rates ($/acre)

Source: OSU/NASS survey, fall 2012

NW SW NC E State

Wheat 31.78 28.66 10-49 30.96 15-55 38.21 20-55 35.70 20-67

32.81

10-67 Alfalfa 41.61

41.40

32-50 Grain Sorghum 27.90

29.03

16-45

Northwest Southwest East North central

SLIDE 9

Pasture Land Average Value by State, 2012 ($ per acre)

2,600 1,250 2,500 2,130 1,500 3,100 950 3,000 1,820 3,200 660 490 590 2,450 4,400 3,580 4,100 13,500 1,550 4,200 2,850 2,300 2,300 1,930 1,150 1,560 950 640 1,210 570 350 920 450 2,800 620 810

USDA/NASS data

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

SLIDE 10

Average Pastureland Rent, 2012 ($ per acre)

USDA/NASS data

34 24.50 38 46 35 14 17.50 16.50 28 17.50 21 19 20 26 12.50 28 18 16 11.50 6.50 4.60 5.90 2.80 5 4.80 11.50

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

SLIDE 11

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

SLIDE 12

Increase >15% Increase 5 to 15% Decrease 5 to 15% Change <5% +/- Decrease >15% Not Reported

Change in Pasture Rent from 2011 to 2012

USDA/NASS data

SLIDE 13

Average Annual Pasture Cash Rental Rates ($/acre)

Source: OSU/NASS survey, fall 2012

NW SW NC E State

Native Pasture 11.61 9.30 5-15 12.44 4-30 12.66 8-21 13.87 3-33

12.40

3-33 Bermuda 16.61 17.36 6-35 18.99 4-50

19.27

4-50 Other Pasture 16.10 23.09 8-50 21.67 12-30

20.70

6-50

Northwest Southwest East North central

SLIDE 14

USDA/NASS data

1 2 3 4 5 6 1998 2000 2002 2004 2006 2008 2010 2012 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

SLIDE 15

Two new websites: aglease.info & aglease101.org

SLIDE 16