Outlook for Indiana Farmland Values and Cash Rent
نویسنده
چکیده
The June 1999 Purdue Land Value Survey reported a reduction in land values for all classes of land. Given the low grain and livestock prices at the time, a decline in land values was not a surprise. However, in spite of continued low grain prices, the June 2000 Purdue Land Value Survey reported an increase in value for all land classes. Top-quality land had an estimated value of $2,715 per acre, average quality land had an estimated value of $2,173, and poorquality land had an estimated value of $1,630 (Figure 1). This was an increase in value of 2.7% for topquality land, 3.9% for average quality land and 5.4% for poor quality land compared to 1999. These increases more than offset last year's loss in value.
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