Indiana Farmland Values & Cash Rental Rates: 2020 Update

Purdue University agricultural economists Todd Kuethe, James Mintert, and Michael Langemeier breakdown the results from the Purdue Farmland Values and Cash Rents Survey conducted in June 2020 and compared that with USDA’s recent Land Values report. The annual Purdue Farmland Value and Cash Rent Survey is conducted by the department of agricultural economics and produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. These professionals provided an estimate of the market value for bare poor, average, and top quality farmland in December 2019, June 2020, and a forecast value for December 2020.