2015 Purdue Land Values Report Released
The annual land values and farm cash rents report from Purdue University for 2015 was released this week and as always, these numbers and survey results have created an influx of interest, questions and conversation regarding Indiana farmland values. Recently I attended the Purdue Center for Commercial Agriculture Top Farmer Conference and got the inside scoop from industry leaders, including the likes of Dennis Badger, the Chief Appraisal Officer of Farm Credit Mid-America, Craig Dobbins & David Widmar, Ag Economists at Purdue University as well as RD Schrader, Partner of Schrader Auction Company – the conversation from these well respected folks centered around the latest information contained in the PAER 2015 Agricultural land report.
The annual PAER Purdue Agricultural Economics Report is considered to be a very valuable source for landowners, farmers & producers, Ag lenders, and Agribusiness professional. The 2015 PAER land values report provides detailed the results of survey data sent to farmers and agriculture professionals throughout every region of the state to gauge trends in Indiana farmland values and where cash rents and the price per acre is perceived to be headed. It is important to note that this information is not real-time data, but a snapshot of the entire state that was conducted in June of 2015, compiled, crunched and released in August 2015.
Overall, this Agricultural economics report is considered to be highly regarded resource across the board.
We look forward to sitting down locally with David Widmar and Craig Dobbins, one of the lead authors of the PAER Farmland Market in 2015 report and will be sharing their insights in our full review of the many factors that affect farmland real estate values, cash rents and production input costs.