Farm Management Tour: July 17, 2024

Learn about innovative farm management strategies, new technologies for improving efficiency and productivity, ways to ensure a successful transition of farm operations to the next generation. Join us at the 91st annual Purdue Farm Management Tour and reception honoring the 2024 Indiana Master Farmers in Randolph County (Winchester), Indiana on Wednesday, July 17th.

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Farmland

When Do Farm Booms Become Bubbles? (Manuscript)

Rapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports.

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When Do Farm Booms Become Bubbles?

Federal Reserve Bank of Kansas City Symposium, July 16-17, 2012 – Session 1: When Do Farm Booms Become Bubbles? | Rapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports.

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Farmland Values – Will the Boom Turn Bust?

Rapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports. As in previous eras, today’s agricultural boom has been fueled by increases in export demand. A key difference however, is the dramatic increase in domestic demand associated with the use of biofuels.

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Farmland Values: Perspectives from the Field

After the weather, farmland values might well be the second most popular topic of conversation among farmers. Those with more than 30 years of experience in farming likely remember the 1980s with clarity.

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Is the Current Farm Prosperity Sustainable?

Agriculture is a notoriously cyclical industry, and is now experiencing one of its “boom” times. Given agriculture’s previous boom and bust cycles, it is logical to ask what might be different this time – will today’s robust incomes and wealth continue and what are the consequences if they do not?

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2011 Indiana Farmland Market Continues to Sizzle

 Introduction  For Indiana farmland values, it seems that history may be repeating itself. Just like the early 1970s, strong grain prices, robust net farm incomes, favorable interest rates, competitive farmland demand, and a limited supply of farmland offered to the market provides the environment for a strong increase in farmland values. The 2011 Purdue Farmland…

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Are Economic Fundamentals Driving Farmland Values?

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.

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2009 Indiana Farmland Values & Cash Rents: Relative Calm in a Turbulent Economy

With 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…

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2008 Indiana Farmland Value & Cash Rent Continue Sharp Upward Climb

State‑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…

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2007 Indiana Farmland Values & Cash Rents Jump Upward

What 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…

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