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Farmland
From 1989 to 1993 the increase in average Indiana cropland values was 13% about the same as the inflation rate. Then, in the year ending in June 1994, values rose around 10%. This was followed by an increase in the value of top and average land of over 7% for the most current year ending…
Read MoreAfter four years of hardly keeping up with inflation, Indiana cropland values jumped around 10% in the year ending in June 1994 according to the Purdue land values survey. The USDA reported a 7.8% increase for the year ending January 1. Likely causes of strength in the land market include low interest rates (affecting both…
Read MoreThe Purdue land values survey revealed a statewide increase of 3.2% in the value of average-quality bare till-able land in the year ending in June 1992, about double the tiny increase of 1991-92. The USDA estimate for the year ending January 1 was 5%. The Federal Reserve Bank of Chicago survey of bankers indicated a…
Read MoreGThe Purdue land values survey revealed a statewide increase of 1.5% in the value of average quality bare tillable land in the year ending in June 1992, about the same as the 2% estimate by USDA for the year ending January I. The Federal Reserve Bank of Chicago survey of bankers also indicated a 2%…
Read MoreThe Purdue land values survey revealed a statewide increase of about 1.8% in the value of average quality bare tillable land in the year ending in June 1991. Early this year, the USDA reported that Indiana farmland values had increased 2% in the year ending in January 1991. The Federal Reserve Bank of Chicago survey…
Read MoreIndiana cropland values peaked in 1981, according to the Purdue Land Values Survey, and by 1987 had declined by about 55 percent. The statewide estimate for the value of top land was about $2700 in 1981 and $1200 in 1987. Average quality land also peaked in 1981 at $2100 per acre and bottomed at $913…
Read MoreNote: The charts in this article were taken from physical copy scans – as the original documents no longer exist. These versions are very blurry – we apologize in advance for the quality. During the early years of the 1981-87 decline in Indiana land values, there were reports of decreasing numbers of sales and increasing…
Read MoreNote: The charts in this article were taken from physical copy scans – as the original documents no longer exist. These versions are very blurry – we apologize in advance for the quality. A year ago, a majority of the Purdue land values survey respondents felt land values were at or near their low point.…
Read MoreNote: The charts in this article were taken from physical copy scans – as the original documents no longer exist. These versions are very blurry – we apologize in advance for the quality. The sharp decline in Indiana farmland values is about over. That’s the conclusion of a majority of Purdue land values survey respondents…
Read MoreNote: The charts in this article were taken from physical copy scans – as the original documents no longer exist. These versions are very blurry – we apologize in advance for the quality. Results of the annual Purdue land values survey indicate that cropland values declined by around 18 percent in the year ending in…
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