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Farmland
Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents Survey. Statewide, the average price of top-quality farmland averaged $13,739 per acre, up 7.3% from June 2022. Average and poor-quality farmland increased 5.8% and 0.7% to $11,210 and $8,689 per acre, respectively.
Read MoreRecorded August 24 | Purdue ag economists break down the Purdue Farmland Values and Cash Rents Survey results and the USDA Land Values report.
Read MoreIt is safe to say that the last year was unlike any other in recent memory. The COVID-19 pandemic caused significant disruption to our lives and the global economy. Surprisingly, many of the current economic forces put upward pressure on farmland prices.
Read MoreMichael Langemeier presented Incorporating Conservation Provisions into Crop Leases at the Great Lake Crops Summit in Mt. Pleasant, Michigan.
Read MoreThis article updates net return projections for 2021, and compares the net returns of two crop share leasing arrangements with a fixed cash rent leasing arrangement.
Read MoreRecorded August 20 | Purdue ag economists break down the Purdue Farmland Values and Cash Rents Survey results and the USDA Land Values report.
Read MoreIt is safe to say that the last year was unlike any other in recent memory. The COVID-19 pandemic caused significant disruption to our lives and the global economy. Surprisingly, many of the current economic forces put upward pressure on farmland prices.
Read MoreRecorded August 7, 2020 | Purdue ag economists Todd Kuethe, James Mintert, and Michael Langemeier discuss the latest Purdue Land Values Survey and USDA’s Land Values report.
Read MoreFarmer sentiment in July was virtually unchanged from a month earlier as the Purdue University-CME Group Ag Economy Barometer rose just one point to a reading of 118. Purdue ag economists James Mintert and Michael Langemeier review the results from the July 2020 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers.
Read MoreThe COVID-19 pandemic will be the defining economic event of 2020. As documented in the previous Purdue Agricultural Economics Report, the pandemic has had a profound impact on the Indiana food and agriculture sector. Land is the farm sector’s largest input, and as a result, farmland values generally reflect broad trends in the costs and returns of agricultural production. The 2020 Purdue Land Values and Cash Rents Survey suggests that farmland prices across the State generally improved on a year-to-year basis.
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