Indiana Farmland Goes Up in Value
SEPTEMBER 22nd, 2018 
MITCH ANGLE INDIANA
Hoosiers who own farmland may be smiling a little wider this year.
According to the annual Purdue Farm Value report, the average price of Indiana farm ground and the average cash rent are both up.
That reverses several years of declining value in both categories.
Hoosier farmland value is up 2%, and cash rents are up just under 3%.
The full report can be seen by clicking here.
This article is a little deceptive. What else? The Purdue Agricultural Economic Report for June (not the Purdue Farm Value Report) says that for SW Indiana (that would be us) farmland values on average went down 3.0% for the period June 2017 to June 2018. Overall, in the Whole State of Indiana, the average went up just 1.6%. That was because of dramatic increases in SE Indiana farmland value – 13.3% and Northern Indiana up 4.7%. Average farmland price per acre was down according to Purdue at $6,084 per acre. The highest average prices in Indiana for farmland per acre is in West Central Indiana at $7,815. And that’s the whole truth.
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