According to the Growers Edge farmland valuation index, there has been a decline in Ohio farmland values. The drop began with an 11.47% decrease from their Q3 2023 peak, including a 9.25% decline in Q4 2024 alone.
Ohio’s farmland market is largely influenced by overall trends in the Midwest. But unlike states like Indiana, Michigan, or Pennsylvania, Ohio has experienced a rise in property taxes because of a change in the Current Agricultural Use Value (CAUV) formula. Since the CAUV formula is based on a seven-year average, the high commodity prices of 2021 and 2022 are causing inflation, adding some pressure for landowners.
Below, you’ll see which counties have been affected the most.
Top 5 Ohio Farmland Counties
County Value / Acre, Q4 2024
- Wayne County $14,783.21
- Allen County $13,350.79
- Hardin County $13,280.42
- Morrow County $12,681.41
- Logan County $12,625.74
Bottom 5 Ohio Farmland Counties
County Value / Acre, Q4 2024
- Monroe County $4,912.72
- Vinton County $5,137.93
- Jefferson County $5,600.32
- Belmont County $5,634.21
- Noble County $5,868.55
Ohio’s farmland values are shaped by productivity primarily in the central and northwest counties, and policies like the CAUV formula changes. Both have created pricing pressure and potential opportunities for investing.
For investors, lenders, and agricultural consultants, digging into local data is important for understanding the true land values and risks. To learn more about what Ohio has to offer, explore Farmland Intel’s land valuation tool, where you’ll get everything from market history to value trends.
