Hay Ground, and On-Farm Grain Storage Rent

August 16, 2017

PAER-2017-13

Authors: Craig Dobbins, Professor of Agricultural Economics and Kim Cook, Research Associate in Agricultural Economics

Tweet
Share

Print Friendly Version

Estimates for the current rental value of pasture land, 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. The values from the June 2017 survey are reported here. Because the number of responses for some items is small, the number of responses is reported.

Averages for pasture rent, hay ground, and the rental of on-farm grain storage are presented in Tables 1, 2, and 3, respectively. The rental rate for grain bins includes the situation where there is just a bin and the situation where there is a bin and utilities.

Table 1. Pastureland: Number of responses, annual cash rent, and carrying capacity, June 2017

Table 2. Rental of established alfalfa and grass hay ground, June 2017

Table 3. On-Farm grain storage rental: Number of responses and annual per bushel rent, June 2017

Information from prior years’ surveys can be found in the Purdue Agricultural Economics Report archive, http://www.agecon.purdue.edu/extension/pubs/paer/archive.asp. This information can be found in the August issue beginning in 2006. This information for 2016 is in the February 2017 issue.

 

1This information is a summary of data collected June 2017 as part of the Purdue Farmland Value Survey.

Go Back to PAER Main Page

Tweet
Share

Tags

Publication Appeared Within:

Purdue Agricultural Economics Report

2017-08 PAER: Farmland Values Survey 2017

Latest Articles:

The Outlook for the U.S. Economy in 2025

January 31, 2025

Amid much policy uncertainty, output will likely grow about 2.2% in 2025, a bit slower than in 2024. Inflation should fall gradually to 2.4%, the unemployment rate should remain unchanged, and the Fed will cut interest rates more slowly than previously expected.

READ MORE

Interesting Times for U.S. Trade Policy

January 31, 2025

The President-elect’s trade policy is likely to be at least as harmful in his second term in office as it was in his first term. Export-oriented agriculture will bear a disproportionate share of the costs from another trade war.

READ MORE

Farm Policy Outlook

January 31, 2025

In this outlook we examine the agricultural policy implications of a new Trump administration, focusing on the potential passing of a 2025 farm bill and its impact on the sector. We consider how the farm safety net will address new policy agendas such as federal budget priorities and broader economic issues such as trade, immigration, and energy.

READ MORE
Visit Purdue Ag Econ
Visit PAER Main Page

Delivered right to your inbox

The Purdue Agricultural Economics Report is a quarterly publication written by faculty and staff from the Department Agricultural Economics at Purdue University.

By joining this mailing list, you will receive an email when a new publication is released. This mailing list is kept solely for the purpose of sharing the report and is not used for any other purposes.

Subscribe