Indiana Land Values Report & Purdue PAER July 2020
By Shelley Swearingen #yourlandwoman | July 23, 2020
The quarterly issue of the Purdue Agricultural Economics Report was released this morning. You can read the report in its entirety HERE.
Uncertainty is definite due to the COVID-19 pandemic, but Indiana land values remain strong presently. We saw increases in farmland prices statewide, but these were reported from June to December 2019.
We see a slight decline in farmland values since December 2020, and this is most likely due to the pandemic. Future land values across the state are expected to decline: 1.5% for top quality land, 2% for average quality land, and 3% for poor quality land.
Farmland values per acre were reported highest in the West Central region: Benton county, White county, Carroll county, Warren county, Tippecanoe county, Fountain county, Vermilion county, Montgomery county, Parke county, and Putnam county.
The number one concern from those surveyed is the pandemic’s economic effects and how this will relate to the market.
Purdue Agricultural Economics Report | July 2020
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