Agricultural Economist: Indiana
farmland values still rising
June 10, 2011
By Steve Leer
A Purdue agricultural economist expects Indiana farmland values to keep rising this year, continuing a trend that has seen them increase by 270 percent since 1985.
Farmland increased in value by 12 percent last year. In June 2010, the average price for an acre of land in Indiana was $4,419. With the strong prices in place since last fall, Craig Dobbins expects values to increase significantly.