Indiana Land Values Surge!
نویسنده
چکیده
S tatewide, values of average Indiana cropland increased by 14.2% in the year ending in June 1996, nearly double the 7.4% increase a year ago. According to the Purdue land values survey, this is the ninth consecutive year of increasing Indiana land values. Increases of around 35% were registered in both the first and last third of this 9 year period. There was a lull in the upward trend during the middle 3 years with only a 7% increase over the period. For the entire 9 years, going back to the low level of 1987, statewide top and average cropland values have gained over 90% and poor land has doubled. Even so, 1996 land values are still about 15% below the record levels of 1981. The number of farmland transfers in the 6 months ending in June compared to a year earlier was estimated to be up by 34% of the respondents versus 31% last year. More land was thought to be on the market now by 16% of the respondents versus 12% a year ago. Land brokers report difficulty in finding top quality land for sale in some areas.
منابع مشابه
Indiana Land Values Increase
A year ago, a majority of the Purdue land values survey respondents felt land values were at or near their low point. Apparently they were correct. The USDA reported that Indiana land values increased 6 percent in the year ending February I. The Federal Reserve Bank of Chicago has reported quarterly gains in land values for several quarters. A majority of farmers poned at Extension meetings las...
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