Purdue Agricultural Economics Report

The Purdue Agricultural Economics Report (PAER) exists to serve and further the core mission of the department to engage with real world problems that are of value to stakeholders. The scholarship communicated in this publication will represent the department’s excellence in creative endeavor for new knowledge and its dissemination in the economics of agriculture and natural resources.

Recent Publication:

2021-08 Indiana farmland prices hit record high in 2021

July 26, 2021

Indiana farmland prices hit a new record high in 2021. Farmland price growth is driven by a combination of high expected incomes, low interest rates, and limited supply to satisfy demand.

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Articles:

Publication Date: July 2021
Article ID: PAER-2021-9

Author: Todd H. Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics

Summary: Indiana farmland prices hit a new record high in 2021. Farmland price growth is driven by a combination of high expected incomes, low interest rates, and limited supply to satisfy demand.
Publication Date: July 2021
Article ID: PAER-2021-10

Author: Todd H. Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics

Summary: Estimates for the current rental value of pastureland, hay ground, irrigated land, and on-farm grain storage in Indiana, June 2021.
Publication Date: July 2021
Article ID: PAER-2021-11

Author: Michael Langemeier, Professor of Agricultural Economics

Summary: Trends in Farmland Price to Rent Ratios in Indiana, June 2021
Publication Date: July 2021
Article ID: PAER-2021-12

Authors: Todd H. Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics; Chad Fiechter, Ph.D. student in the department of agricultural economics

Summary: A comparison of the Purdue Land Values and Cash Rents Survey with a detailed transaction record to highlight transaction volumes, prevailing per acre prices, and the relative strengths of each source.
Publication Date: July 2021
Article ID: PAER-2021-13

Authors: Todd H. Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics; Chad Fiechter, Ph.D. student in the department of agricultural economics

Summary: This study compares the returns to farmland ownership relative to common investment alternatives, such as stocks, bonds, and gold. Farmland offers attractive risk adjusted returns and has a low correlation with other investments.
Publication Date: April 2021
Article ID: PAER-2021-2

Authors: Kendra Morrissette, Ph.D. Candidate; Jayson Lusk, Distinguished Professor & Purdue Ag Econ Department Head; and Brian Bourquard, Senior Director at EY-Parthenon, Food and Agriculture Strategy

Summary: An analysis of the impact of COVID-19 on Indiana agriculture production through 2020.
Publication Date: April 2021
Article ID: PAER-2021-3

Authors: Eli Mefford, M.S. Student; Mindy Mallory, Associate Professor &
Clearing Corporation Charitable Foundation Endowed Chair of Food & Agricultural Marketing

Summary: Taking a closer look at the relationship between cattle futures and financial markets during the spring of 2020.
Publication Date: April 2021
Article ID: PAER-2021-4

Authors: Chad Fiechter, Ph.D. Student, Brady Brewer, Assistant Professor, & Todd H. Kuethe, Associate Professor & Schrader Endowed Chair in Farmland Economics

Summary: We find that appraisers, ag lenders, and other farmland market experts do not want to over-predict future farmland values. When making financial decisions or interacting with appraisers and ag lenders it is important to understand the existence of this conservative bias.
Publication Date: April 2021
Article ID: PAER-2021-5

Author: Mario Ortez, Ph.D. Student

Summary: Can farmers alter the supply of agricultural products in the very short run? They may!

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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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