2020-04 PAER Special edition: COVID-19 impact on agriculture

April 17, 2020

In this Purdue Ag Econ Report (PAER) special edition, we look at COVID-19 impacts on agriculture and related topics, including:

  • Retail food markets
  • SBA help for business
  • Ethanol demand
  • U.S. soybean and wheat exports
  • Threats to local government revenue
  • Online grocery pricing
  • Consumption and risk behavior after natural disasters

Articles in this Publication:

Retail Markets Get a Boost During COVID-19

SBA Help for Small (and Family) Businesses

COVID-19 Weakens Ethanol Demand Leading to Reduction in Corn Usage Forecast

Short-Term Effects of COVID-19 on U.S. Soybean and Wheat Exports

Changing Crop Net Return Prospects

Threats to Local Government Revenues from the Coronavirus Recession

COVID-19 and Online Grocery Prices

Specialty Farm Households’ Consumption and Risk Behavior After Natural Disasters

Latest Articles:

Indiana Farmland Prices Grow at Record Pace in 2022

August 10, 2022

Indiana farmland prices grew at a record pace between June 2021 and June 2022, according to the recent Indiana Farmland Value and Cash Rent Survey. Statewide, the average per acre price for top quality farmland increased by 30.9% to $12,808; average quality farmland increased by 30.1% to $10,598; poor quality farmland prices increased 34.0% to $8,631. Across all quality grades, farmland prices exceeded the previous highs set in 2021.


Trends in Farmland Price to Rent Ratios in Indiana

August 10, 2022

A standard measure of financial performance most commonly used for stocks is the price to earnings ratio (P/E). A high P/E ratio sometimes indicates that investors think an investment has good growth opportunities, relatively safe earnings, a low capitalization rate, or a combination of these factors. However, a high P/E ratio may also indicate that an investment is less attractive because the price has already been bid up to reflect these positive attributes. This paper computes a ratio equivalent to P/E ratio for farmland, the farmland price to cash rent ratio (P/rent), and discusses trends in the P/rent ratio.


Farmer optimism about short-term US farmland values weakens

August 10, 2022

Farmers purchase the majority of US farmland. The 2017 USDA Census of Agriculture reports more than 60% of farmland is owned by farmers. Farmers’ farmland value expectations are an important driver of farmland prices.


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