Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.
June 20, 2012
Farmland Values – Will the Boom Turn Bust?
Table of Contents
- What is a Bubble?
- Farmland Values and Fundamentals
- A Historical Perspective on Nominal and Real Gains
- Increasing Value‐to‐Rent Multiples
- A Historical Perspective on Sector Returns and Asset Values
- Falling Interest Rates
- Returns and Values: The Case of Indiana
- Are the High Multiples Sustainable?
- The Role of Expectations
- What Do Farmland Investors Say?
- Attitudes toward Valuation
- Someone Else will Pay More
- Value‐to‐Rent Relationship
- Future Values and Incomes
- Where to in the Future? Multiples
- The Link between Commodity Price Expectations and Values
- Summarizing the Survey Results
- Conclusions
- References
Read and download the PDF of the full paper prepared for the 2012 Agricultural Symposium.
*Download the slides from Dr. Gloy’s presentation at the 2013 Top Producer Seminar on this article.
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Two outstanding farms in east-central Indiana will host visitors wanting to learn about farm and crop management on July 17th for the Purdue University Farm Management Tour. The Indiana Master Farmer reception and panel discussion will follow.
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