Wednesday, December 18, 2013

Ag Land Values Being Impacted by Shale

From the Youngstown Vindicator:
As shale speculation increases the value of agricultural land in the Valley, farmers have to be creative if they want to expand their operation at a reasonable cost. 
Land values have been thrown off by shale, said David Marrison, Ohio State University extension agent for Trumbull and Ashtabula counties. 
“In Ashtabula County — and we’re on the far north end of the shale — [agricultural] land values went from an average of $2,000 an acre up to $4,000, and then as talk of the shale has changed, they’ve bottomed out back to $2,000 an acre,” he said. 
There is a tremendous amount of speculation in the area when it comes to land values, Marrison said.
Read the whole article here. 

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