2008-08 PAER: Farmland Values Survey 2008

August 15, 2008

Indiana Farmland Value & Cash Rent Continue Sharp Upward Climb
Forecasting the Likely Impacts of Climate Change on Indiana Agriculture
Indiana’s 2008 Property Tax Reforms Part 2
What’s Happening to the Assessed Value of Farm Land? July 2008

Articles in this Publication:

Forecasting the Likely Impacts of Climate Change on Indiana Agriculture

Gerald Shively, Professor; Otto Doering, Professor; Noah Diffenbaugh, Assistant Professor, Department of Earth and Atmospheric Sciences; Laura Bowling, Assistant Professor, Department of Agronomy; Christian Krupke, Assistant Professor, Department of Entomology; Bryan Pijanowski, Associate professor, Department of Forestry and Natural Resources; Jeff Holland, Assistant Professor, Department of Entomology and John “Barny” Dunning, Associate Professor Department of Forestry and Natural Resources

Indiana’s 2008 Property Tax Reforms Part 2

Larry DeBoer, Professor

What’s Happening to the Assessed Value of Farmland? July 2008

Larry DeBoer, Professor

2008 Indiana Farmland Value & Cash Rent Continue Sharp Upward Climb

Craig L. Dobbins, Professor and Kim Cook, Research Associate

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Latest Articles:

Does a higher standard deduction decrease cash donations and volunteering?

October 24, 2024

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.

Farmland Prices Increase Despite Downward Pressure

August 9, 2024

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.

Trends in Farmland Price to Rent Ratios in Indiana, 2024

August 9, 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.

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

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