2019-08 PAER: Farmland Values Survey 2019

August 5, 2019

2019 Indiana Pasture Land, Hay Ground, And On-Farm Grain Storage Rent
Author: Craig Dobbins, Professor of Agricultural Economics

Indiana Farmland Values And Cash Rent Trends And Market Comments
Author: Craig Dobbins, Professor of Agricultural Economics

2019 Indiana Farmland Values And Cash Rents Slide Lower
Author: Craig Dobbins, Professor of Agricultural Economics

Articles in this Publication:

Latest Articles:

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.

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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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Farmland Conversion in Indiana

August 9, 2024

Farmland conversion is a key factor influencing Indiana’s farmland market in 2024, with large public and private projects driving up land prices. This article explores the impact of land transitioning out of agriculture on market values, comparing current trends to historical data. Discover how the demand for development, coupled with economic forces like interest rates and crop prices, is shaping the future of Indiana’s farmland and its availability for agricultural production.

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