Survey: Indiana Farmland Values Rise

Posted: Updated:
WEST LAFAYETTE -

A survey published earlier this month in the Purdue Agricultural Economics Report shows farmland values and cash rents throughout the state rose slightly this year. Purdue Agricultural Economics Professor Craig Dobbins says the June 2018 Purdue Land Value Survey aims to give people an idea of what is happening in the farmland market.

The survey examines trends in farmland values and cash rents, while detailing factors impacting those prices. The survey says top quality, average quality, and poor quality farmland increased in value from last year by 1.6 percent, 2.1 percent, and 2.4 percent, respectively. Top quality farmland has an average value of $8,668 per acre, with average quality farmland at $7,072 and poor quality farmland at $5,407.

The report says the amount of farmland on the market and the rate of inflation are the two market factors positively influencing the cost of farmland. Some of the factors negatively influencing costs are crop and livestock prices, interest rates, and agricultural policy.

Dobbins adds recent changes to trade and tariff policy in the U.S. is making it more difficult to predict how certain agricultural economic factors are going to impact land values in the future.

"Production agriculture is always risky, but it has gotten really risky given the current events taking place," said Dobbins. "Production agriculture is highly dependent on export markets. To get a change in policy to one that is erecting barriers rather than reducing barriers is really a shift,” Dobbins said.

You can view the full report below:

  • Perspectives

    • Unmasking Accounting Data: Moving from Reporting to Being Strategic

      What story do our financial statements tell us this month and year, to date? This was the question that was always directed at us by a former manager.  He believed that financial statements tell the story of how a business is run and the direction it’s going. Most businesses publish their profit and loss statements, and balance sheets every month. These are the standard reports included in most reporting packages. Usually, the management tends to believe...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Apartment Building Development Coming to Rushville

      A Knightstown company has announced plans to build four new apartment buildings in a $5.25 million development in Rushville. Villa Buildings will be built by KDC Investments, Inc on West 16th Street in Rushville.

    • The Mystery of Cancer in Firefighters: Two Indiana Researchers Uncover Clues

      There’s a lot of conjecture about cancer in the world of firefighting, but a crescendo of anecdotal—and scientific—evidence is driving two Indiana researchers to search for answers. 

    • BraunAbility Moving Global HQ to Carmel

      A manufacturer of wheelchair vehicles and wheelchair lifts in Pulaski County has announced plans to relocate its global headquarters to Carmel. BraunAbility says it will invest $7.5 million to move its HQ to the Lakeside Green Business Center and construct a new Research & Development and Technology Center. The Indiana Economic Development Corp. says the move will create up to 70 jobs in Hamilton County. The company says the investment will also boost its existing...

    • Indy Eleven Rallies For State Stadium Support

      Indy Eleven leadership, players and fans Thursday rallied at the Statehouse for support of a measure creating a public-private partnership to help fund a $150 million soccer stadium. Lawmakers are considering a measure that would allow the team to work with city leaders for two years on development plans for the venue, which would be funded by developer-backed bonds. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, team owner Ersal Ozdemir said the...

    • On-Air

      Find out when and where you can watch and listen to our reports.