Long-Run Cash Rent Spreadsheet Tool

by Michael Langemeier

Updated August 2025

This spreadsheet uses enterprise budget information, projected yields, and projected prices to examine breakeven prices, earnings per acre, breakeven cash rents, and trends in working capital.

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2025 Cash Rental Rates

September 10, 2025

Purdue ag economists Todd Kuethe and Michael Langemeier discuss Indiana farmland cash rental rates on this, the second of two episodes reviewing the 2025 Purdue Farmland Values and Cash Rental Rates survey results. The survey shows Indiana cash rents continue to rise by about one and a half percent. The episode shares historical trends in cash rents, and how cash rents compare to share and flex lease rents, regional differences, net returns to land, and the increasing interest in flexible cash leases from both landowner and tenant perspectives.

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Crop Net Return Prospects, Presentation at Pinney Purdue Field Day

August 20, 2025

Michael Langemeier presented at the Pinney Purdue Field Day in Wanatah, Indiana on August 20, 2025, on crop net returns and the farmland market.

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Farmland Prices Increase Despite Downward Pressure, Purdue Ag Econ Report August 2025

August 19, 2025

Indiana farmland prices have continued the trend of record highs in 2025, according to the latest Purdue Farmland Value and Cash Rents Survey results. The average price of top-quality farmland reached $14,826 per acre, a 3.0% increase from June 2024. Statewide, cash rents increased from 1.5 to 1.7% for poor-, average-, and top-quality land.

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UPCOMING EVENTS

Purdue Flexible Lease Workshop

September 16 at 7 pm or September 23 at 9 am

The Flexible Lease virtual Workshop, presented by the Purdue Extension Land Lease Team, will include a presentation and discussion to help you decide if a flexible land lease arrangement is right for your farm.

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