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Farmland
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.
Read MoreSound 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.
Read MoreEstimates 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.
Read MoreFarmland 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%.
Read MoreResults from these two surveys reveal that there are some stark differences in opinion between economists and producers regarding the U.S. agricultural economy.
Read MoreRecorded August 17, 2016 | Purdue agricultural economists present and discuss results from the 2016 Purdue Farmland Values Survey.
Read MoreFarmland prices and cash rents have fallen in Iowa, Illinois, and Indiana in the last couple of years. However, our analysis indicates that the farmland price per acre divided by cash rent per acre, and farmland price per acre divided by average cash rent for the previous five years, continue to be substantially higher than historical values.
Read MoreFarmland prices declined over much of the Corn Belt region during the last couple of years. However, farmland prices remain substantially above historical prices. For example, despite having dropped approximately 12% since 2014, average farmland prices in Indiana are still
Read MoreThe collapse in grain prices and the impact of tighter gross margins are working their way through the agricultural economy.
Read MoreThe farm press and coffee shops have been a buzz this winter with discussions of farmland values in Indiana and other Midwestern states. In February 2016, the Chicago Federal Reserve Bank indicated that farmland values in Indiana were down 2% between October 1, 2015 and January 1, 2016.
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