News Sections
Farmland Values Could Decline
Updated December 2, 2014 7:05 AM
 Print    Archive    RSS

(UNDATED) - Indiana's farmland values could decline.

Farmland values tripled over the past decade to an average of nearly $7,500 per acre, but those record-setting highs could drop in the next two to three years.

Michael Langemeier, associate director of the Center for Commercial Agriculture at Purdue University, says he blames plummeting crop prices saying farmers had record yields, but with lower prices making net returns low - an example was corn was over $100 an acre decline.

A downturn isn't significant cause for alarm, but Lagemeier expects farmers to see a softening in their cash rental rates by as much as ten percent.

He says when crop prices strengthen, land values will likely follow.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2019 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback  |  Public File