{"id":19404,"date":"2024-12-12T11:35:47","date_gmt":"2024-12-12T16:35:47","guid":{"rendered":"https:\/\/ag.purdue.edu\/commercialag\/home\/?page_id=19404"},"modified":"2024-12-12T13:06:28","modified_gmt":"2024-12-12T18:06:28","slug":"purdue-x-acres","status":"publish","type":"page","link":"https:\/\/ag.purdue.edu\/commercialag\/home\/purdue-x-acres\/","title":{"rendered":"Purdue x Acres"},"content":{"rendered":"\n

\n\t\tEnhanced Farmland Market Insights: Our Partnership with Acres\n\t<\/h1>\n\t\t\t\t\n\t\t\t\t\"Acres\n\t\t\t\t<\/a>\n\t

The Purdue Center for Commercial Agriculture (CCA) is pleased to announce a new partnership with Acres.com<\/a>, a leader in farmland transaction data. This collaboration aims to enrich the availability of transaction-based farmland market in information, offering valuable insights to farmland owners, farmers, and agricultural stakeholders across Indiana. By combining Acres’ transaction data with CCA’s research expertise, this partnership will further strengthen CCA’s commitment to providing high-quality, timely information for agricultural producers across the state.\u00a0<\/p>\n

As part of this collaboration, CCA is excited to share a preview of the enhanced market insights this partnership will bring. Since the 1970s, Purdue’s Farmland Values and Cash Rent Survey has been the primary source of farmland market information in Indiana. This annual survey offers per-acre farmland price information compiled from market professionals at the state level and within six multi-county regions.\u00a0<\/p>\n

The 2024 Purdue Farmland Values and Cash Rent Survey<\/a> found that the Southwest region that saw the largest annual growth in average per-acre farmland prices, a 22.5% increase. The infographic below shows that Acres’ farmland transaction database indicates that the two counties with the largest per acre increase in farmland prices between 2023 and 2024 are located in the Southwest region: Daviess (69.5%) and Greene (56.3%).\u00a0<\/p>\n\t\t\t\t\"2023\n\t

However, thanks to Acres’ county-level transaction data, we can see that regional averages often mask significant variability in the market. For example, while the Southwest region overall saw a rise in prices, some counties, such as Vigo (-24.9%) and Warrick (-32.2%) experienced notable declines in farmland prices between 2023 and 2024.\u00a0<\/p>\n

The infographic below highlights the disparity in price changes at the county level, illustrating how this new collaboration will offer a more nuanced understanding of the factors driving farmland value fluctuations across Indiana. This deeper level of insight will be crucial for farmers and landowners to make more informed decisions in an evolving market. While transaction data offer a number of benefits, county-level average prices may change dramatically when sales volumes are low. For example, in a county that experiences only a few sales a year, each sale price will greatly influence the average sales price, and the county average price may shift dramatically based on one very high or very low-priced sale.\u00a0<\/p>\n\t\t\t\t\"fig_change\"\n\t

Stay tuned for more detailed reports in the coming months as CCA and Acres continue to refine their analysis and share the latest farmland market trends.\u00a0<\/p>\n\t

Research Note: As part of our team’s commitment to land value research and education programs, we have collaborated with Acres to access needed\u00a0<\/i>data. Acres is a valued collaborator with our university, providing essential data and software tools for research and teaching with emphasis on agricultural and rural property transactions and land evaluations. This collaboration is part of the Acres University program. For more information and to request a demo, visit Acres.com<\/a>.\u00a0<\/i><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Enhanced Farmland Market Insights: Our Partnership with Acres The Purdue Center for Commercial Agriculture (CCA) is pleased to announce a new partnership with Acres.com, a leader in farmland transaction data. This collaboration aims to enrich the availability of transaction-based farmland<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-19404","page","type-page","status-publish","hentry"],"yoast_head":"\nPurdue x Acres - Center for Commercial Agriculture<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/purdue-x-acres\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Purdue x Acres - Center for Commercial Agriculture\" \/>\n<meta property=\"og:description\" content=\"Enhanced Farmland Market Insights: Our Partnership with Acres The Purdue Center for Commercial Agriculture (CCA) is pleased to announce a new partnership with Acres.com, a leader in farmland transaction data. 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