Purdue INDIANA FARMLAND VALUES & CASH RENTS SURVEY
Source: https://ag.purdue.edu/department/agecon/extension/farmland-values.html Parent: https://ag.purdue.edu/department/agecon/undergraduate-program/scholarships.html
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 knowledgeable 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 them to stay well-informed about farmland values and cash rents.
These professionals provide estimates of the market value for bare poor, average, and top-quality farmland in December and June, and a forecast for the upcoming December. To assess the productivity of farmland, respondents provide estimates of long-term corn yields 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 who has a good understanding of the local market.
Survey RESULTS (PAST 5-YEARS)
Survey ARCHIVE
The Purdue Indiana Farmland Values Survey has been conducted each year since 1974. An archive of the surveys is available on the Purdue Agricultural Economics Report's website.
Purdue Agricultural Economics Report website >>
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