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Farmland

2018 Indiana Farmland Values – Up, Down, & Sideways

On a statewide basis, June year-to-year farmland value comparisons indicate an uptick for top, average, and poor quality farmland. For the state as a whole, the strongest percent increase was for poor land, increasing 2.4%.

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Rents for Indiana Pasture Land, Irrigated Land, Hay Ground, and On-Farm Grain Storage in 2017

Estimates for the current rental value of pasture land, irrigated land, hay ground, 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.

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Farmland Value Outlook

As Indiana farmers move into 2018, higher than expected 2017 yields surprised many producers, but grain prices remain at low levels. While there have been some down-ward adjustments in the cost of inputs, input prices have been slow to reflect the lower grain prices.

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Cash Rents: Pressure is Downward

In order to maintain a viable business, operators have been working to reduce the per bushel cost of production. Reducing cash rents and other crop production cost is often a slow process.

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Visualizing the Indiana Farmland and Cash Rent Adjustments

Results from the Purdue Farmland Value Survey is the most anticipated PAER article of the year. In this year’s article you catch the themes of “continued adjustments” and “multiple years of decline in land values and rents.”

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Farmland Values and Cash Rental Rates – 2017 Indiana Land Values Survey

Recorded August 16, 2017 | James Mintert and Michael Langemeier talk about Indiana farmland values and cash rents and their continued downward adjustments.

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Indiana Farmland Values and Cash Rents Continue to Adjust

Midwest farmland value news has been mixed this summer. Some reports indicate current farmland values are the same or a little higher than last year or last quarter.

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Evaluating Strategic Options

Sound strategic planning requires assessing strategic risk, which involves the sensitivity of a farm’s strategic direction, and the ultimate vulnerability and sustainability of the farm to uncertainties in the business climate.

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2016 Rents for Indiana Pasture Land, Irrigated Farmland, Hay Ground, and On-Farm Grain Storage

Estimates for the rental value of irrigated farmland, pasture land, hay ground, 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.

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The New Method for Calculating Assessments Will Reduce Taxes for Farmland Owners

Farmland assessments for property taxes rose rapidly from 2007 through 2015. The taxable assessed value of agricultural property increased by 81% statewide during these years, and as a result agricultural property taxes rose 63%.

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