THE RENT AND VALUE OF FARM LAND 645 



204. VARIOUS FACTORS AFFECTING THE VALUE OF LAND' 

 BY L. W. ELLIS 



The mean average acre valuation of bare land for 21 Ohio farms 

 studied by the United States Department of Agriculture is $45.96. 

 For farm i the acre valuation of bare land is $61 . 62. For farm 2 it is 

 $19.53. These are both dairy farms in the northeastern part of the 

 state. Farm i is ij miles from town, on a stone pike, while farm 2 is 



5 miles out, on a dirt road. Farm 4, with an acre valuation of $31 . 15, 

 and farms 8, 9, and 10, with acre valuations of $87.74, $65.99, and 

 $71, respectively, are all level farms. No. 4 needs considerable 

 drainage. Nos. 8, 9, and 10 are well equipped with tile drains. 

 Nos. 8 and 10 show high percentages (74 and 84 . 2, respectively) of 

 land in crops, as compared with the mean average of 52.8 per cent 

 for the 21 farms. Farm 25, with 91.9 per cent of land in tilled crops, 

 and situated within a stone's throw of an interurban railway, shows a 

 bare-land valuation of $40 . 10 per acre. This farm, however, lacks 

 tile drainage and is overequipped with buildings as compared with 

 other farms. Farm 3, with an acre valuation of $41.44, has a very 

 expensive building equipment, and even when the latter is placed at 

 a very low figure as compared with its cost it leaves a low figure for 

 bare land. Farm 14, although the largest of all, with a total of 

 388 . 92 acres, has but 50 . 7 per cent of the land in crops. It contains, 

 however, a large acreage of productive bottom land, has a low building 

 investment per acre, and has good roads to a shipping point, so that 

 the bare land has an acre valuation of $60 as compared with the 

 average of $45.96 for the 21 farms. Farms 20, 21, 22, and 23, with 

 bare-land valuations of $43.97, $22.26, $25.55, an d $ 2 9-59> respec- 

 tively, are all located in the hill section (southeastern part) of the 

 state. No. 20 (valuation $43.97) shows an unusually low area in 

 waste and timber land for a hill farm and is connected with town by 



6 miles of pike road. No. 23 (valuation $29.59), with nearly the 

 same area, distribution of acreage, and distance from railway station, 

 is separated by 3 miles of hilly dirt road from the pike leading to town. 

 No. 21 (valuation $22.26) has considerable waste and timber land. 

 Farms 12 to 17, inclusive, range in bare-land value from $43.90 to 

 $64.89; these farms are well equipped with buildings and are easily 

 reached by pike roads from good towns. Most of them show a 



1 Adapted from "A Study of Farm Equipment in Ohio," Bulletin 212, Bureau 

 of Plant Industry, United States Department of Agriculture, pp. 12-13. 



