In this issue...

• Here are the results of the 2017 Purdue Farmland Values Survey. The rate of decline in farmland values and cash rents slowed in 2017. In fact, some land values and cash rents were higher. See the changes for your area of the state and land quality.
• In our second article, we help you visualize the impacts on land values and cash rents of a boom and bust cycle. We compare the price patterns of Indiana land values and cash rents in the 1970s and 1980s to a milder boom and moderation cycle this time. What are the implications for the next few years?
• How do family businesses consider fairness? Do they treat each family member the same? Do they treat each member according to what each contributes to the business? Or, do they treat family members according to each person’s needs? Is there a relationship between a business’s view on “fairness” and business income?
• Here you can get 2017 Indiana survey results for cash rents on pasture land, hay land, and for on-farm grain bins. There are results for regions of the state as well.