1999-12 PAER
December 15, 1999
- Responding to Financial Stress What are the Options?
- Recreation Demand at Indiana State Parks
- GPS Based Guidance Systems for Farmers
- Private Property: Rights, Responsibilities, & Limitations
Articles in this Publication:
Responding to Financial Stress What are the Options?
Michael Boehlje, Professor; Craig Dobbins, Professor; Ken Foster, Associate Professor; and Alan Miller, Farm Business Management Specialist
Recreation Demand at Indiana State Parks
Jeremy Emmert, Undergraduate Student and Gerald Shively,* Assistant Professor
GPS Based Guidance Systems for Farmers
Jess Lowenberg-DeBoer, Professor
Private Property: Rights, Responsibilities, & Limitations
Jesse J. Richardson Jr.,* Assistant Professor in the Department of Urban Affairs and Planning at Virginia Tech and Gerald A. Harrison,** Extension Economist
Latest Articles:
Tax policy shapes individuals’ incentives to give to charities. In fact, taxpayers can deduct charitable cash contributions as an itemized deduction, which decreases their taxable income and leads to a lower tax bill. Itemizing deductions, however, is not convenient for all taxpayers. Moreover, the standard deduction is the better option for those whose total itemized deductions for eligible expenses are lower than the current standard deduction. Taxpayers choose between the standard deduction and itemized deductions based on which yields the lower amount of taxable income and, hence, tax liability.
READ MOREFarmland Prices Increase Despite Downward Pressure
Indiana farmland prices reached record highs in 2024, with top-quality land averaging $14,392 per acre, a 4.8% increase from 2023, according to the Purdue Farmland Value and Cash Rent Survey. Regional variations and market forces like high interest rates and low land supply influenced the market, while long-term projections suggest continued modest growth. Transition land saw a significant 21.6% rise, while recreational land values dipped slightly.
READ MORETrends in Farmland Price to Rent Ratios in Indiana, 2024
Farmland prices in west central Indiana increased slightly in 2024 (0.2%) and are 19.7% above the previous peak in 2014. Compared to the farmland price in 2007, current farmland prices in west central Indiana are 187% higher. Farmland prices are influenced by many factors, including net income, growth in earnings, crop and livestock prices, interest rates, alternative investment returns, inflation, liquidity, agricultural policy, and energy policy. Cash rent, which is influenced by net return to land, along with interest rates, is often referred to as a fundamental factor impacting farmland prices.
READ MORE