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Farmland

Indiana Farmland Values & Cash Rental Rates: 2020 Update Webinar

Recorded 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.

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Comparing Net Returns for Alternative Leasing Arrangements

Obtaining control of land through leasing has a long history in the United States.  Leases on agricultural land are strongly influenced by local custom and tradition.  However, in most areas, landowners and operators can choose from several types of lease arrangements.

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Ag Economy Barometer Stable, But Farmers Less Optimistic About Future

Farmer 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.

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Indiana Farmland Values Increase But Signal Concern of Potential COVID-19 Slump

The 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…

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Indiana Farmland Values Increase But Signal Concern of Potential COVID-19 Slump

The 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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2020 Indiana Pastureland, Hay Ground, and On-Farm Grain Storage Rent

Estimates for the current rental value of pastureland, hay ground, irrigated land, and on-farm grain storage in Indiana are often difficult to locate. For the past several years, questions about these items have been included in the Purdue Farmland Value Survey. These tables report the values from the June 2020 survey. Table 1 reports averages…

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Trends in Farmland Price to Rent Ratios in Indiana

Farmland prices have declined approximately 15 percent since 2014. However, farmland prices remain substantially above historical prices. For example, farmland prices in 2020 in West Central Indiana are 63% higher than they were in 2010 and 255% higher than they were in 2000 (for current land values see Kuethe and Dobbins, in this edition of…

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2020 Corn & Soybean Outlook Webinar

Recorded July 13, 2020 | Purdue agricultural economists Michael Langemeier and James Mintert provide an updated ag outlook featuring information from USDA’s latest reports, balance sheet estimates, and updated crop condition information.

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Factors Impacting Land Values

There are several key factors driving potential changes in farm land values.  These factors include cash rent, working capital, supply of land, interest rates, inflation, and investment potential of farmland compared to other investments such as the stock market, corporate bonds, or similar assets.  Let’s take a look at these factors in two groups.

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COVID-19 Continues to Impact Farmer Sentiment; Majority Indicate Economic Assistance Bill Necessary

Farmer sentiment improved slightly in May after falling sharply in both March and April. Purdue ag economists Michael Langemeier and James Mintert discuss the May Purdue University/CME Group Ag Economy Barometer on this episode of the Purdue Commercial AgCast.

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