2018-08 PAER: Farmland Values Survey 2018

August 1, 2018

Creating A Culture Of Collaboration In Family Businesses
Authors: Renee Wiatt, Family Business Management Specialist and Maria Marshall, Professor of Agricultural Economics

Farmland Assessment For Property Taxes In The Coming Decade
Authors: Tamara Ogle, Extension Community Development Regional Educator and Larry DeBoer, Professor of Agricultural Economics

2018 Indiana Pasture Land, Hay Ground, And On-Farm Grain Storage Rent
Author: Craig Dobbins, Professor of Agricultural Economics

2018 Indiana Farmland Values – Up, Down, & Sideways
Author: Craig Dobbins, Professor of Agricultural Economics

Articles in this Publication:

Creating a Culture of Collaboration in Family Businesses

Farmland Assessment for Property Taxes in the Coming Decade

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

2018 Indiana Farmland Values – Up, Down, & Sideways

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State-wide farmland prices in Indiana once again hit a new record high in 2023. The growth, however, was relatively modest compared to the record high appreciation observed in 2022.

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Trends in Farmland Price to Rent Ratios in Indiana, 2023

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The P/rent ratio (price per acre divided by cash rent per acre) is substantially higher than historical values. In order to maintain the current high farmland values, cash rents would have to remain relatively high, and interest rates would also have to remain relatively low.

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When setting cash rental rates, farmers and landowners should consider information from both the Purdue survey and USDA-NASS. Inside this article, we compare the findings from both surveys.

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