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landowners

Farmland Assessment for Property Taxes in the Coming Decade

It’s been three years since the Indiana General Assembly passed and the Governor signed Public Law 249, changing the method used to calculate the base rate of farmland for property tax assessment.

2018 Indiana Pasture Land, Hay Ground, and On-Farm Grain Storage Rent

Estimates for the current rental value of pastureland, hay ground, and on-farm grain storage in Indiana are often difficult to locate. For the past several years, questions about these items have been included in the Purdue Farmland Value Survey. These tables report the values from the June 2018 survey.

2018 Indiana Farmland Values – Up, Down, & Sideways

On a statewide basis, June year-to-year farmland value comparisons indicate an uptick for top, average, and poor quality farmland. For the state as a whole, the strongest percent increase was for poor land, increasing 2.4%.

Farmland Values and Cash Rental Rates – 2017 Indiana Land Values Survey

Recorded August 16, 2017 | James Mintert and Michael Langemeier talk about Indiana farmland values and cash rents and their continued downward adjustments.

Land Values in Indiana (2016)

Recorded August 17, 2016 | Purdue agricultural economists present and discuss results from the 2016 Purdue Farmland Values Survey.

Trends in Land Price, Cash Rents, and Price to Rent Ratios for Iowa, Illinois, and Indiana

Farmland prices and cash rents have fallen in Iowa, Illinois, and Indiana in the last couple of years. However, our analysis indicates that the farmland price per acre divided by cash rent per acre, and farmland price per acre divided by average cash rent for the previous five years, continue to be substantially higher than historical values.

Trends in Land Prices, Cash Rents, and Price to Rent Ratios for Iowa, Illinois, and Indiana

Farmland prices declined over much of the Corn Belt region during the last couple of years. However, farmland prices remain substantially above historical prices. For example, despite having dropped approximately 12% since 2014, average farmland prices in Indiana are still

2016 Indiana Farmland Values and Cash Rents Continue Downward Adjustments

The collapse in grain prices and the impact of tighter gross margins are working their way through the agricultural economy.

Where Are Indiana Farmland Values Headed?

Recorded August 7, 2015 | Results from the June 2015 Purdue Farmland Values Survey including average farmland and cash rental value estimates for the state of Indiana and key cropping regions within the state.

Evaluating Your Farmland Rental “Options”

Gross revenues for most Indiana corn and soybean farms reached unprecedented levels during 2006 through 2013, but declined sharply in 2014 and 2015. The revenue decline, which will be exacerbated on many Indiana farms by yield reductions caused by this spring and summer’s excessive rainfall, is putting tremendous pressure on operating margins.

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