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AUGUST 2018


In this issue...


Results of the 2018 Indiana Farmland and Cash Rent Survey are in. Survey respondents say Indiana farmland values and cash rents were up in 2018. However, there was a lot of variation around the state. Find out what happened in your area and read about the outlook for coming years.

How about rental rates for pasture land, hay ground, and on-farm grain bins. Those numbers are hard to find, but we have the results from the 2018 Survey. Results are reported by region of the state and for the entire state.

Indiana real estate taxes on farmland are likely to drop. That’s right-DROP! The calculation to determine those taxes begins with the farmland base rate per acre. See how the state calculates the base rate and look at Purdue estimates of the annual base rate through 2029 taxes.

Purdue family business specialists suggest that having a culture of collaboration can make the business more successful. What is a culture of collaboration and what are specific actions a family can take that are related to greater success?



 


 

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