Purdue: Farmland values up despite drought - 13 WTHR Indianapolis

Purdue: Farmland values up despite drought

Posted: Updated:
WEST LAFAYETTE -

The worst drought in decades doesn't appear to be affecting Indiana's farmland values.

Purdue University says its June survey shows a statewide increase in farmland value ranging from 14 percent to 18 percent, depending on land quality, since last year's survey

Purdue says cash rents have increased about 13 percent to 15 percent.

It says the average value of bare cropland ranges from $5,000 per acre for poor-quality land to $7,700 per acre for top-quality land.

Purdue Extension agricultural economist Craig Dobbins cites "robust" net farm incomes, favorable interest rates, strong demand and a limited supply of farmland for sale for the increases.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow
Links to the FCC website to view WTHR and/or WALV’s on-line public inspection files:
WTHR: https://stations.fcc.gov/station-profile/WTHR   ||   WALV: https://stations.fcc.gov/station-profile/WALV
Individuals with disabilities may contact Jill Pursell at publicfile@wthr.com, or 317.655.5602, for assistance with access to the public inspection files.
Powered by WorldNowAll content © Copyright 2000 - 2013 WorldNow and WTHR. For more information on this site, please read our Privacy Policy and Terms of Service.