Farm Management, Economics and Policy

  Agricultural landowners, farmers, Extension Agents for Agriculture and Natural Resources, and other interested people need a reliable source of information for determining the value of agricultural land and cash rental rates for agricultural land. 

 Kentucky Agricultural and Natural Resource agents worked with Dr. Greg Halich from the Martin Gatton College of Agriculture Food and Environment, Agricultural Economics Department to collect information from landowners regarding existing cash rental rates for agricultural land and PVA offices, real estate agents, and individual landowners to ascertain current agricultural land values across the commonwealth.  

 Seventy-one Agents for Agriculture and Natural Resources surveyed individual landowners, farmers, PVA s and real estate agents/ auction companies from those counties represented.

 Seventy usable surveys were submitted to Dr. Halich. The information from those surveys will be compiled and used to update the publication AEC 97 Land Value and Cash Rent Survey. That publication will consist of aggregated information that will be broken into regions and sub regions so that people utilizing the information can home in on the specific region/sub-region that they are interested in.