Success StoryLand Value and Cash Rate Survey
Land Value and Cash Rate Survey
Author: Jason Vaughn
Planning Unit: Powell County CES
Major Program: Farm Management, Economics and Policy
Plan of Work: Producing & Marketing Agricultural Products
Outcome: Long-Term 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.
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.
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