USDA Reports Farmland Values in 2014 Rise Nearly 8 Percent
The USDA released their 2014 Farmland Real Estate Values Report
Farmers, land owners and investors are always interested in the value of their farmland. The annual USDA report that surveys some 11,000 parcels each year was released on August 2nd and the data says that the value of U.S. farmland increased approximately 8 percent since 2013. Our region of the corn belt remains the strongest overall, with some parts of the country seeing gains as high as 22%.
Overall farmland real estate values in Indiana increased an average of 8.6%
The full report from the USDA covers pasture land, irrigated vs. non-irrigated farmland as well as buildings and structures.
With grain prices achieving records highs, farmland real estate values have continued to climb alongside cash rents. This month the annual Purdue University Indiana farmland values report is expected to be released and should provide deeper insights to our local and regional county real estate market. As farm real estate is widely used as collateral for farming operations, we expect to receive a lot of valuable input from local agriculture economists, farmers and seed dealers in our area and look forward to sharing this valuable information with you.
