1. Farmland Values: Up or Down? Farmers: More or Fewer? Damona Doye Regents Professor and Rainbolt Chair in Agricultural Finance Roger Sahs Assistant Extension Specialist

4. 2014 Cropland Average Value by State ($ per acre) USDA/NASS data 7,880 6,470 4,350 13,000 4,000 4,870 5,180 7,700 5,840 2,530 8,750 5,650 3,810 2,260 2,570 7,050 3,430 4,200 3,550 2,050 4,460 3,400 2,850 6,500 2,460 3,080 2,380 8,320 2,540 1,680 1,500 987 3,040 1,840 1,370 3,260 1,450 2,560 2,500 10,140 3,210 N/A 500 - 999 1,000 – 2,499 2,500 – 4,999 5,000 – 15,000

5. 2014 Pastureland Average Value by State ($ per acre) USDA/NASS data N/A 500 - 999 1,000 – 2,499 2,500 – 4,999 5,000 – 15,000 6,000

6. USDA/NASS data 2014 Non-Irrig. Cropland Average Cash Rent 8 to 15 16 to 20 31 to 35 26 to 30 36 plus 21 to 25 N/A 2014 Pasture Land Rental Rates 5 to 9 10 to 14 25 to 29 20 to 24 30 plus 15 to 19 N/A

7. USDA/NASS

9. Oklahoma Non-Irrigated Cropland Value Trend USDA/NASS

10. Capitalized Values: Oklahoma Non-Irrigated Cropland USDA/NASS + 10 year t-note

11. USDA/NASS

12. Oklahoma Pastureland Value Trend USDA/NASS

13. Capitalized Values: Oklahoma Pastureland USDA/NASS + 10 year t-note

14. Resources and Contact Info OSU Agricultural Economics Department – http://agecon.okstate.edu/oklandvalues http://agecon.okstate.edu/oklandvalues Kansas City Federal Reserve Bank – http://www.kc.frb.org/ http://www.kc.frb.org/ Chicago Federal Reserve Bank – http://www.chicagofed.org/webpages/index.cfm http://www.chicagofed.org/webpages/index.cfm USDA NASS – http://www.nass.usda.gov/Charts_and_Maps/Land_Values_and_Cash _Rents/ http://www.nass.usda.gov/Charts_and_Maps/Land_Values_and_Cash _Rents/ USDA Census of Agriculture – http://www.agcensus.usda.gov/Publications/2012/ damona.doye@okstate.edu, 405-744-9813 damona.doye@okstate.edu