Farmland prices across Indiana have improved since June 2019, according to the 2020 Purdue Farmland Value and Cash Rents Survey. But, most of those gains occurred between June and December 2019 and farmland prices have declined modestly since then.

The strongest

year-to-year statewide increase was poor quality land, which was up about six

percent. Top quality land was up 4.5 percent and average quality land was up

about 3 percent.

Todd Kuethe, Purdue associate professor and the Schrader Endowed Chair in Farmland Economics, says it’s hard to know what’s ahead for the Indiana farmland market because of deep economic uncertainty.

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