WEST LAFAYETTE – The 2018 Purdue Farmland Value Survey indicates a mixture of increases and decreases in Indiana farmland values and cash rents.
On a statewide basis, June year-to-year farmland val-ue comparisons indicate an uptick for top, average, and poor quality farmland.
That was not the case here in Northeast Indiana, where declines in farmland values ranged from 0.1% to 2.9%. Top quality, average quality, and poor quality farmland declined by 2.2%, 2.9%, and 0.1%, respectively. The per acre value for top, average, and poor quality farmland in the Northeast was $8,176, $6,818, and $5,557, respectively.
That was lower than the statewide average for all three classes.
Rounding these changes to the nearest percent indicates a 2% statewide increase for each land quality.
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