As one of the most successful and longest-running management programs specifically crafted for farmers, the Purdue Top Farmer Conference is a one-day event for agricultural producers and agribusiness professionals looking to navigate the complexities of today's agricultural landscape. Participants will have the opportunity to network with peers and hear from farm management experts and agricultural economists from Purdue, Farm Credit Services of America, the University of Illinois Urbana-Champaign and Acres, a land value data analytics company.
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Farmland
Farmland is a critical asset in the agricultural sector, comprising 85% of the assets in production agriculture. Soaring farmland values have generated considerable national news attention and given rise to questions about the factors driving farmland values higher and whether current farmland values are reasonable.
Read MoreWith a credit crisis, bankruptcies of business icons, turmoil in the housing industry, stock market uncertainties, and declining crop margins, are sharply falling Indiana farmland values the next item of bad news? To gather information about changes in farmland values and cash rents, professionals working in the farmland market are contacted each June*. Based on…
Read MoreState‑wide Farmland Values With the sharp increase in grain prices, it probably is no surprise that the 2008 Purdue Farmland Value and Cash Rent Survey found farmland value and cash rent moving higher. On a state‑wide basis, the average value of bare Indiana cropland ranged from $3,408 per acre for poor quality land to $5,003…
Read MoreWhat a difference a year can make. Last year at this time, there were questions about whether or not farmland values were nearing a top. There are no such discussions this year. This year the question is “How high might farmland values and cash rent go?” State-wide Land Values Higher corn and soybean prices brought about…
Read MoreStatewide Land Values After several years of increasing values, some people wonder if farmland values may have reached their top. They point to several factors – sharp increases in energy and fertilizer prices used in crop production, continued low crop prices, the high value to cash rent multiple, and more recently, increasing long-term interest…
Read MoreStatewide Land Values The June 2005 Purdue Land Values Survey found that on a state-wide basis bare Indiana cropland ranged in value from $2,367 per acre for poor land, to $3,556 per acre for top land (Table 1). Average bare Indiana cropland had an estimated value of $2,945 per acre. For the 12-month period ending…
Read MoreThe June 2004 Purdue Land Values Survey found that on a state-wide basis bare Indiana cropland ranged in value from $2,131 per acre for poor land, to $3,278 per acre for top land (Table 1). Average bare Indiana cropland had an estimated value of$2,693 per acre. For the 12-month period ending in June 2004, this…
Read MoreThe June 2003 Purdue Land Values Survey found that on a state-wide basis bare Indiana cropland ranged in value from $1,966 to $3,035. These values are based on 323 surveys received from professionals that are knowledgeable of Indiana’s farmland market. Poor land had an estimated value of $1,966 per acre, average land had an estimated…
Read MoreThe 2002 Purdue Land Values Survey indicates that the value of average bare Indiana cropland was $2,382 per acre in June 2002. This was $118 more than the value reported in June 2001, a 5.2% increase. Cash rents increased from 2001 to 2002 on average land by 2.7% to $116 per acre. Statewide Land Values…
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