Local agricultural easements approved in Ohio

Jun 05, 2015

54 farms will be affected

In an effort to protect the most important industry in Ohio, the agricultural industry, the Ohio Department of Agriculture announced that local sponsors will buy agricultural easements in the state.

Agricultural easements preserve farmland, helping to keep the land active and producing food without pressure from developments. Easements are kept in place even if the owners of the land change.

In total, 54 farms, stretched across 7,512 acres and 26 Ohio counties will be preserved due to these easements.

For farms to qualify for the Local Agricultural Easement Purchase Program, they must be bigger than 40 acres or next to a preserved farm. It must be actively taking part in farming, participate in the Current Agricultural Use Valuation program, show good land stewardship and have local government support.

From 2002 to 2014, family farms in 53 of Ohio’s counties have worked together to preserve 45,576 acres in agricultural production. Other easements, as a result of other programs, increases the total number of acres saved to 55,947.

Any communities wishing to take part next year can apply to become a Certified Local Sponsor from September 15, 2015 to October 15, 2015.

The 2015 local agricultural easements approved for purchase are:

Allen
Ashland
Ashtabula
Brown
Champaign
Clark
Clinton
Fairfield
Fayette
Fulton
Greene
Hamilton
Huron
Lake
Licking
Logan
Madison
Medina
Mercer
Miami
Montgomery
Pickaway
Preble
Sandusky
Stark
Warren

Tell us your thoughts on Ohio’s local agricultural easements. What does it mean to you that these agricultural lands are being preserved?

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!