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Crop Net Return Prospects

Michael Langemeier presented “Crop Net Return Prospects” during lunch as part of Northeast Purdue Agricultural Filed Day on September 9, 2026.

2026 Cash Rents: Why Aren’t Rents Falling More?

Cash rents have softened in some parts of Indiana in 2026, but overall, rents remain relatively stable. So why aren’t they falling more, even after several years of weaker returns to land? Michael Langemeier and Todd Kuethe examine the latest cash rent results from the 2026 Purdue Farmland Values and Cash Rents Survey and look at what the numbers could mean for 2027.

2026 Trends in Farmland Price to Rent Ratios in Indiana

Indiana farmland values remain elevated relative to the cash rent they generate. Purdue agricultural economist Michael Langemeier examines what the farmland price-to-rent ratio can tell us about land values, future returns and the risks facing buyers.

Indiana Farmland Values: Stable in 2026, but What Happens Next?

Indiana farmland values remained relatively stable in 2026, but regional differences and changing market forces are creating a mixed outlook. Purdue agricultural economists Todd Kuethe and Michael Langemeier examine what is driving farmland values and what the market could look like in 2027.

Indiana’s Farmland Market Holds Steady as Regions Swap Places

Indiana farmland values held relatively steady in 2026, according to Purdue’s annual Farmland Values and Cash Rents Survey.

Why U.S. Farmers Own Farmland and What They Expect for Land Values

For many U.S. farmers, farmland is about more than annual income. A Purdue analysis finds that family and sentimental reasons are the most common motivation for owning land, while producers remain more optimistic about farmland values five years from now than over the next 12 months.

What’s Really Behind the Rise in Farmer Optimism?

Farmer sentiment rose again in August. But what’s really behind the improvement? Joana Colussi and Michael Langemeier take a closer look at the August Purdue Univeristy-CME Group Ag Economy Barometer and discuss what they think is driving the changes in farmer sentiment. The Ag Economy Barometer rose from 126 in July to 135 in August, with most of the improvement coming from farmers’ expectations for the future. But producers remain cautious about current conditions and capital investments. Michael and Joana discuss what may be behind that disconnect, including the outlook for corn prices, farmland values, farm financial conditions and producers’ willingness to invest.

Farmers Feel Better About the Future. So Why Aren’t They Investing?

Farmers are feeling better about their financial future, but that optimism hasn’t translated into stronger plans for machinery and building investments. The August Purdue University-CME Group Ag Economy Barometer rose to 135, and for the first time since June 2025, more farmers said they expect their financial situation to improve over the next year than said they expect it to worsen. But there’s a catch. The Farm Financial Performance Index has climbed from 90 at the beginning of the year to 103 in August, while the Farm Capital Investment Index fell to 45. So what’s keeping farmers cautious?

Farmer Sentiment Rises Again in August as Future Expectations Improve

Farmer sentiment improved again in August, but the details behind the increase are more interesting than the headline. The Purdue/CME Group Ag Economy Barometer rose 9 points to 135, marking its second consecutive monthly increase. The key driver was future expectations.

From the Farm to Purdue: What Josh Strine Wants to Understand About Farm Decisions

If you’ve followed Purdue’s Crop Basis Tool or the Center’s monthly basis updates, you’ve probably already heard from Josh Strine. After completing his PhD at Purdue, Josh is staying with the Center for Commercial Agriculture as a postdoc, where he’ll continue working on extension tools and research involving farm markets, technology and agricultural finance. In this episode, Josh talks about his path from growing up on a corn and soybean farm in central Ohio to agricultural economics and Purdue. He also explains what he hopes to explore next.