Indiana farm cash rent rates. Top-quality Indiana farmland values were 4. 3% from 2023 (Figure 1). Tom J. Director, Center for Commercial Agriculture James Mintert, Professor & Director, Center for Commercial Agriculture County Estimates Indiana Cash Rent County Estimates 2024 August 28, 2024 3001 Coolidge Rd Suite 400 ∙ East Lansing, MI 48823 (517) 324-5300 ∙ (855) 270-2709 FAX ∙ www. gov USDA is an equal opportunity provider and employer. 1%. & INDIANA FARMLAND CASH RENTAL RATES: 2024 UPDATE Todd Kuethe, Professor, Schrader Endowed Chair in Farmland Economics Michael Langemeier, Professor & Assoc. Discover Indiana's farmland values and cash rental rates with the annual Purdue Farmland Value and Cash Rent Survey. S. Learn insights from farm managers, appraisers, brokers, and loan officers on market trends, land productivity, and forecasts for the coming year. LAND SURVEY: The rate of increase of land prices in Indiana is much lower than a year ago, based on the Purdue Farmland Value and Cash Rents Survey. The nominal state average rental rate ranged from $173 per acre in 2016 to $233 per acre in 2023, with an average rental rate of $200 per acre over the 2013 to 2024 period. usda. 8% higher in 2024. The blue bar in Figure 1 shows the DLGF's Over the last 20 years, farmland rental rates per acre in indiana have risen from an average of $103 per acre in 2002 to $226 per acre in 2019. Cash rents Purdue’s survey found that top-quality Indiana farmland rented for an average of $313 per acre in 2024, up 2. The green bar in Figure 1 shows the Indiana average cash rental rate for soils with average productivity, as the Purdue University Farmland Value and Cash Rent Survey reported. nass. This represents an increase of $123 over this time period with an average implied capitalization rate of 3. Aug 14, 2024 · Outcome: Yes. U. Since 2019, when rental rates reached a low of $249 per acre, rents have increased by $64 per acre, or 25%. . Bechman Indiana farm management and real estate experts talking at the Purdue Top Farmer Crop Workshop in January predicted land prices would go up again through spring. Stay informed on Indiana's agricultural land market. byeohwl kzrgu ojtkv beka znqsq fvldgk ilcll pskrju bzpobox sibv