Purdue INDIANA FARMLAND VALUES & CASH RENTS SURVEY
The Purdue Farmland Value and Cash Rent Survey is conducted each June and published in the Purdue Agricultural Economics Report, August Issue. The survey is possible through the cooperation and contribution of numerous professionals knowledgable of Indiana’s farmland market. These professionals include farm managers, rural appraisers, land brokers, agricultural loan officers, farmers, and Farm Service Agency (FSA) county office directors. These professionals were selected because their daily work requires they stay well informed about farmland values and cash rents.
These professionals provide an estimate of the market value for bare poor, average, and top quality farmland in December, June, and a forecast for the upcoming December. To assess productivity of the farmland, respondents provide an estimate of long-term corn yield for top, average, and poor productivity farmland. Respondents also provide a market value estimate for land transitioning out of agriculture and for recreational land.
The data reported in the survey provides general guidelines regarding farmland values and cash rent. To obtain a more precise value of an individual tract, contact a professional appraiser or farm manager that has a good understanding of the local market.
Survey RESULTs (PAST 5-YEARS)
The Purdue Indiana Farmland Values Survey has been conducted each year since 1974. An archive is currently being built with an expected mid-2022 completion timeline. The new archive will become available as part of a refresh of the current Purdue Agricultural Economics Report's website.
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