Luke Garrabrant would like to double the amount of land he farms near Johnstown, but the arrival of Intel is putting that prospect out of reach.
Demand is especially high in central Ohio, which had about 1.9 million people in 2010 and more than 2.1 million in 2020. The area isCharles Ruma, president of Dublin-based Virginia Homes, laid the blame squarely on Ohio’s housing shortage.
Restrictive zoning laws and local opposition to housing projects foster fierce competition for undeveloped land, Ruma said. Above all, developers see farmland as a safe investment, said Amanda Weinstein, an associate professor of economics at theHigher property values are a boon to farmers who own their land, Weinstein said. They see their assets increase in value and their borrowing power increase.
Putnam County farmer Dennis Vennekotter, 60, worries cropland prices will prove an insurmountable obstacle to the next generation of farmers.
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