January 16, 2020

The Index of Indiana Farm Real Estate

Attached is a list of Indiana farm real estate index numbers. Numbers from 1912 through 1986 were taken from various USDA publications. Beginning in 1987, USDA discontinued publishing the index but continued publication of dollar estimates of farm real estate values and annual percentage changes. The index numbers from 1987 on were calculated from these published figures and were not adjusted to reflect census-based revisions on dollar values published by USDA. For this reason, year-to-year percentage changes in the index may differ from those based on dollar values published by USDA.

Following are examples of two widely used applications of the index:

  1. Estimate the 1974 value of land that sold in 2016 for $8,500 per acre
    50.2 (1974 index) / 583.8 (2016 index) = 0.0860 x $8, 500 = $731, estimated 1974 value
  2. Estimate the 2016 value of land purchased for $1,225 per acre in 1990.
    583.8 (2016 index) / 83.4 (1990 index) = 7, 000 x $1, 225 = $8, 575, estimated 2016 value


Index Numbers of Indiana Farm Real Estate Values

Index Numbers of Indiana Farm Real Estate Values, January 2020 update




Farm Succession: Business Entities

February 24, 2021

When it comes time to transition your farm business to the next generation, whether your farm is set up as a sole proprietor, partnership, corporation, or LLC, how your business is structured will affect many aspects. Deciding on a business entity requires much thought and advice. In this Purdue Commercial AgCast episode, our seventh in our Farm Transition Planning series, Purdue ag economist Brady Brewer and members of the Purdue Farm Transition team Kelly Heckaman and Ed Farris discuss business entities.


Farm Succession: Business Governance for Transition Planning

January 26, 2021

Adding on to our transition planning series, in this 6th episode, Purdue agricultural economists Brady Brewer and members of the Purdue Farm Transition team Renee Wiatt and Maria Marshall focus on how and why to set up governance policies in a farm business.


Farm Succession: Conflict Management for Transition Planning

December 18, 2020

In this fifth episode of our series about Farm Transition Planning, we focus on conflict management – what is conflict, what causes it, how do we handle it within a farming business to come to a resolution.



April Corn & Soybean Outlook Update

Join us Monday, April 12 at 3:30 p.m. EDT for an update on the corn and soybean outlook following release of USDA’s April Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Registration is free but necessary to receive the link to join live or get notice of the webinar recording.

Read More

February Corn & Soybean Outlook Update

February 10, 2021

Recorded February 10, 2021 | Purdue ag economists Michael Langemeier, Nathanael Thompson and James Mintert discuss USDA’s February Crop Production and World Agricultural Supply and Demand (WASDE) reports.


2021 Farm Bill Decisions for Crop Producers

January 21, 2021

Crop producers need to make their 2021 farm program choices at their local Farm Service Agency (FSA) office (or online) by March 15, 2021. Producers have the option of choosing either the Agriculture Risk Coverage (ARC) or the Price Loss Coverage (PLC) program.


Financial Management – Statements & Analysis

October 13, 2020

A series of financial management articles that examine financial statements and financial analysis. Financial management involves the evaluation of liquidity and solvency, financial planning, acquisition and use of financial resources, asset purchases and farm growth, and relationships with agricultural lenders.


Delivered right to your inbox

Don't miss our farm management program and resource updates! Receive our Commercial AGNews monthly newsletter - view the latest email here.