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
Statewide 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…
Read MoreThe 2000 Purdue Land Values Survey indicates that the value of an acre of average bare Indiana cropland was$2,173 per acre in June 2000. This was $81 more than the value reported in June 1999, a 3.9 percent increase. This increase more than off-sets the 2.9 percent decline that was reported in 1999. Cash rents…
Read MoreThe 1999 Purdue Land Values Survey indicates that the value of an acre of average bare Indiana cropland was$2,092 per acre in June 1999. This was $63 less than the value reported in June 1998, a 2.9 percent decrease. This decline ends 11 consecutive years of increasing values. Cash rents declined from 1998 to 1999…
Read MoreThe 1998 Purdue Land Values survey indicates that the value of an acre of average bare Indiana cropland was$2,155 per acre in June 1998, $55 more than the all-time peak reached in 1981. This is an increase of $158 per acre, or approximately 8 percent, over the value reported in 1997. In each of the…
Read MoreThe Purdue Land Values survey, conducted annually for over 20 years, indicates that the value of an acre of an acre of average Indiana cropland was right at $2000 per acre in June 1997, only$100 short of the all-time peak reached in 1981. In each of the past four years, the value of this land…
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