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Friday, December 11, 2015

Cropland values likely to be Under Pressure in 2016 | Hoosier Ag Today

Cropland values likely to be Under Pressure in 2016 | Hoosier Ag Today: Although cropland values in Ohio have increased in recent years, low projected profit margins next year will likely restrict land values from increasing in 2016 and may cause land values to decrease, an agricultural economist from the College of Food, Agricultural, and Environmental Sciencesat The Ohio State University said.

Ohio cropland values rose 3.5 percent in 2015, with bare cropland averaging $5,850 an acre, said Barry Ward, production business management leader for Ohio State University Extension. OSU Extension is the outreach arm of the college.