Overview
Trends and Determinants of Farmland Sale Prices in Western Ohio 2001-2010 (PDF)
Farm real estate represents the largest single investment item in a typical farmer's investment portfolio and thus understanding the determinants of farmland value is critical. A number of recent macroeconomic factors have contributed to strong increases in farmland values nationally, including historically low interest rates, increasing demand for U.S. grain exports from China, a growing biofuels market, and rapid rise in key agricultural commodity prices since 2004.