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Contact Information

Craig Wood, Ph.D
Acting Associate Dean & Director
UK Cooperative Extension Service

S-107 Ag. Science Center North Lexington, KY 40546-0091

+1 (859) 257-4302

craig.wood@uky.edu

Impacts

Contact Information

Craig Wood, Ph.D
Acting Associate Dean & Director
UK Cooperative Extension Service

S-107 Ag. Science Center North Lexington, KY 40546-0091

+1 (859) 257-4302

craig.wood@uky.edu




Fiscal Year:
Jul 1, 2023 - Jun 30, 2024


Success StoryLand Value and Cash Rent Rates



Land Value and Cash Rent Rates

Author: Keenan Bishop

Planning Unit: Franklin County CES

Major Program: Farm Management, Economics and Policy

Plan of Work: Strengthening Knowledge and Awareness of Agriculture and Horticulture in Franklin County

Outcome: Initial Outcome

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.


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 persons utilizing the information can hone in on the specific region/sub-region  that they are interested in.  






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