INDIANA (WEHT) – Most Hoosier farm values are going down.
That’s according to Purdue University’s annual land value survey.
The study says top quality farmland decreased in value in the last year by 5.3%.
The decrease in southwestern Indiana was eight percent.
The study also shows cash rent for crop land is down.
Things that can impact the value of farmland, include current net farm income, expected growth in returns to land, crop price level and outlook, livestock price level and outlook, current and expected interest rates, returns on investments, outlook for U.S. agricultural export sales, U.S. inflation rates, and cash liquidity of buyers.
This marks the fifth consecutive year of farm value decreases in Indiana.
A link to the study can be found here.
(This story was originally published on September 5, 2019)