Success StoryLand Value Survey Hopes to Improve 2019 Publication
Land Value Survey Hopes to Improve 2019 Publication
Author: April Wilhoit
Planning Unit: Fleming County CES
Major Program: Farm Management, Economics and Policy
Plan of Work: Adapting to Changing Agricultural Markets
Outcome: Initial Outcome
Describe the Issue or Situation. Agricultural landowners, farmers, Extension Agents for Agriculture and Natural Resources, and other interested persons are in need of a reliable source of information for determining the value of agricultural land and cash rental rates for agricultural land. 2019 was the last revision of the publication that is production.
Describe the Outreach or Educational Program Response (and Partners, if applicable). 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.
Provide the Number and Description(s) of Participants/Target Audience. Seventy one Agents for Agriculture and Natural Resources surveyed individual landowners, farmers, PVA s and real estate agents/ auction companies from those counties represented.
Provide a Statement of Outcomes or Program Impact. Please note that the outcomes statement must use evaluation data to describe the change(s) that occurred in individuals, groups, families, businesses, or in the community because of the program/outreach. 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 persons utilizing the information can hone in on the specific region/sub-region that they are interested in. Fleming County was one of the counties that participated in the survey.
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