Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Land rentals Reported for Crops, Pasture

Mon, 12 Apr 2021 11:28:16 CDT

Land rentals Reported for Crops, Pasture The cost to rent cropland held steady through the pandemic last year while pasture rentals fell slightly overall, according to the latest studies by Oklahoma State University Extension.

The biannual pair of market surveys of agricultural landowners found mixed results, said Roger Sahs, OSU Extension agricultural economist.

“People reading this data might be somewhat surprised and have questions about crop commodity prices, which were dismal and disappointing in the past two growing seasons, especially wheat,” he said. “By the same token, we’ve had some excellent crop production and yields, which has helped provide additional farm income, providing some sense of steadiness.”

The market overview is updated every two years with assistance from the U.S. Department of Agriculture’s National Agricultural Statistics Service and is one of the most popular data sets released through OSU Extension.

In consideration of the cropland rental study, Sahs said, “The question now is, what comes next? If both parties – landlord and tenant – share the same sense of enthusiasm and optimism, and they expect circumstances to continue, that will provide support to cropland rental prices going forward.”

Results from the pasture rental study had a wider range of outcomes. Native grassland ranges were largely stable from period to period, whereas improved pastures showed a downward adjustment of a few dollars.

“Some part of that adjustment is due to shifts in the cattle economy, which seems to have borne the economic brunt of the COVID-19 pandemic,” he said. “A number of cow-calf producers were already operating at tight margins. They’re looking to see if the markets will rebound.”

Overall, growing conditions and water availability in Oklahoma was good last year, he said “but if the money’s not there for the market, the rentals will reflect that.”

Sahs addresses land prices in the latest episode of the agricultural television show SUNUP

   


 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • USDA-NIFA, CDC and Cooperative Extension Team Up for Vaccine Education in Rural America  Thu, 13 May 2021 10:35:15 CDT
  • Dallas, San Antonio and Oklahoma City to face 'nasty' Severe Weather  Thu, 13 May 2021 09:28:28 CDT
  • Oklahoma Ag Secretary Blayne Arthur Says There is a Positive Dynamic in The Oklahoma Ag Industry Today  Thu, 13 May 2021 08:59:57 CDT
  • Don't Bug Me: Pest Control  Thu, 13 May 2021 08:57:25 CDT
  • New Southern Plains Perspective Blog On Offsetting the Carbon Footprint of Eating Beef   Thu, 13 May 2021 08:45:52 CDT
  • ALSS Secures $7M Series B Funding To Commercialize Novel Vaccine Delivery System For Poultry Industry  Thu, 13 May 2021 08:29:58 CDT
  • Gov. Stitt Enjoys Grilling Hamburgers Beneath Peta Billboard Calling Him a Meathead  Thu, 13 May 2021 08:49:37 CDT
  • Thursday Preopening Market Update with Dave Lanning  Thu, 13 May 2021 07:24:23 CDT

  • More Headlines...

       

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.