Survey: Indiana farmland
values reach new heights
August 25, 2011
By Jennifer Stewart
Indiana farmland values have hit an all-time high after jumping an average of 24 percent from 2010 – a rate of increase not seen since 1977.
According to the 2011 Purdue Farmland Value Survey, statewide increases ranged from 22.8 percent to 25.3 percent because of strong grain prices, low interest rates, strong farmland demand and a limited supply of farmland being brought to the market.