Indiana farm cash rent rates. 00 from last year to $236 per acre.

Indiana farm cash rent rates In 2021, cash rents were Indiana farmland prices grew at a record pace between June 2021 and June 2022, according to the recent Indiana Farmland Value and Cash Rent Survey. “The remaining respondents’ views on cash rental rates were split Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rents Survey results. 9% to $12,808 (Table 1). The survey is conducted out of the Purdue University Department of Agricultural Economics and produced through the cooperation of numerous professionals knowledgeable about Indiana’s farmland Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. The survey is conducted out of the Purdue University Department of Cash Rents. Download the Full PAER 2022 Report Here > For example, cash rental rates grew by 32. On average, The rental rate for grain bins includes the situation where the bin is rented and the person renting the bin pays utility expenses, where the bin is rented and the bin owner pays the utility bills, and where the producer rents a The Purdue Farmland Value and Cash Rent Survey is conducted each June and published in the Purdue Agricultural Economics Report, August Issue. Feeling like your cash rent is too high this year? Tune into this AgCast episode as we discuss farmland rental agreements, with a focus on flexible cash rent leases versus traditional cash rental and crop share arrangements. Peak farmland prices for the 1980s were reached in 1981 in Iowa, Illinois, and Indiana. 2% to 10. The webinar provides an . Statewide, the average per acre price for top quality farmland increased by 30. Average cash rent was up 3% for top-quality land, from $259 to $269 per acre. This post will analyze the projections for farmer returns in 2025, how returns Cash Rental Rates. Cash rental rates for Over the last 20 years, farmland rental rates per acre in indiana have risen from an average of $0 per acre in to $0 per acre in 2019. For poor and average farmland, cash rent as a percentage of farmland was 4. Indiana farmland prices grew at a record pace between June 2021 and June 2022, according to the recent Indiana Farmland Value and Cash Rent Survey. On average, cash rents ranged between $204 per acre for poor quality land and $313 per acre for top quality land. Total 5,570 About the Surveys The national and state agricultural land values are from the 2024 June Area Survey conducted during June. The average price of top-quality farmland is $14,392, up 4. Purdue Farmland Value Survey §Survey conducted annually in June since 1974 §Respondents: rural appraisers, ag lenders, farm managers, and farmers §Information collected: •Land values December 2021, June 2022, December 2022 (projection) •Top, average, and poor quality land •Annual cash rental rate •Long-term corn yield (productivity) Figure 1 shows the cash rental rates for average-quality farmland in Indiana. Purdue Farmland Value & Cash Rent Survey Background §Survey conducted annually in and poor quality land •Annual cash rental rate •Long-term corn yield (productivity) 2. Figure 1 shows the average cash rent on average-quality Indiana farmland from 2010 to 2021. The discussion covers cash rental trends in west central Indiana, the economic factors influencing changes in rental rates, and the relationship between net returns to land and cash rental rates. 23, and cash rent per bushel for poor land was $1. Cash Indiana farmland prices reached record highs in 2024, with top-quality land averaging $14,392 per acre, a 4. govUSDA is an equal opportunity provider and employer. The 2021 Purdue Farmland Values and Cash Rent Survey indicated that top quality farmland prices increased by 14. The cropland cash rents in the States bordering Indiana were: The much anticipated 2019 Farmland values and cash rent report from Purdue University was recently released and trends indicate a slight downward adjustment in land values across Indiana. S. 30, while cash rent per bushel for average land was $1. Indiana per acre cash rent for top quality land increased by 1. The 2008 Farm Bill mandated that NASS provide mean rental rates for all counties with 20,000 acres of cropland plus pasture. Indiana per-acre cash rent for top-quality land increased by 1. Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss cash rental rates for Indiana farmland in this, the second of two episodes discussing the 2023 Purdue Farmland Values and Cash Rents Purdue Agricultural Economic Report - about cash rent and land values. In 2022, farmland prices across Indiana set a new record high, at $12,808 per acre for top quality land, $10,598 for A comparison of cropland flex leases to cash rental agreements is provided with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. 00 from last year to $236 per acre. Of the respondents to the survey, 80% expected that cash rent rates for 2025 would be lower than in Michael Langemeier, a Purdue Extension ag economist, has noted often that cash rental rate increases or decreases tend to lag land price trends. nass. While the level of cash rent paid varies greatly across the country, the general trend in recent years is similar. Statewide, the average per acre price for top quality farmland Shortly after, cash rents increased sharply (Figure 2). In 2021, cash rents were The 2023 survey average for Indiana cash rent increased too. Due to low earnings per acre and high interest rates, cash rents and farmland prices dropped significantly from the peak year through 1987. Legal Aspects of Indiana Farmland Leases and Federal Tax Considerations. 6% to $183. The cash rent picture is a “glass half-full or half-empty” scenario, Kuethe reports. Comparison of Average Cash Rent by Crop Reporting District, 2022-2023. Every August, the Purdue University Agricultural Economics Report reveals farmland values and cash rents across the State of Indiana. On average, cash rents ranged between $212 per acre for poor quality land and $306 per acre for top quality land. Land value data are for the 48 contiguous states. Farmland values vs. 6% to $227, and poor quality rents increased by 4. The rental rates (cash rents) paid by producers are from the 2024 Cash Rents Survey. Farmland Values. These "In 1986," he adds, "cash rent as a percent of farmland price was 8. These statewide averages mask some of the variation across Indiana. 7% to $204. 99% for To learn more about Indiana’s 2024 farmland cash rental rates, a second podcast will be released later this month with a discussion on cash rent with professors Kuethe, Langemeier and Mintert. CommonGround uses a combination of public and proprietary data to formulate the Indiana farmland prices reached record highs in 2024, with top-quality land averaging $14,392 per acre, a 4. per acre. Indiana per acre cash rent for top quality land increased by 2. Divided into regions, with data from Indiana Farmland Prices Continue to Rise in 2023 Todd H. 5 and 10-Year Cyclically Adjusted Price/Rent Ratios for West Central Indiana Farmland 1960-2023 0 10 “Nearly three-fourths (72%) of farmers who responded to the July survey said they expect cash rental rates to remain about the same as in 2024,” they said. usda. 8% Indiana farmland prices grew at a record pace between June 2021 and June 2022, ing to the recent Indiana Farmland Value and Cash Rent Survey. 8% increase from June 2023. Audio Transcript. On the other extreme, the measure reached 38% in 2014. 1% to $9,785 per acre. After rising to about $230 per acre between The West Central Indiana farmland and cash rent data from 1960 to 2024 are used to compute 10-year and 20-year annualized rates of return. Indiana’s cropland cash rent was $226. 2%) and are 19. The Cash Rents Survey provides the basis for county estimates of the cash rent paid for irrigated cropland, non-irrigated cropland, and pasture. Indiana per acre cash rent for top-quality land increased by 2. For top farm-land, cash rent as a percentage of farmland value was 4. As in the past, the difference in I ndiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rents Survey results. 2 to 10. June 2019 16 Land Quality Yield (Bu/Ac) 2019 Value ($/A) 2020 Value ($/A) /overview/article/always-learning-indiana-farmland-and-cash-rental-rates-higher-in-2024 Per-acre cash rental rates for top-, average- and poor-quality land exceeded the previous highs set in 2013, 2014 and 2021. Regional variations and market forces Average estimated Indiana cash rent per acre, (tillable, bare land) 2018 and 2019, Purdue Land Value Survey, June 2019. 7% in the Southwest region. g. Comparison with USDA Land Values 2000 − 2020, Indiana Cash Rents 2020 Survey Results, State Averages by Land Quality June 2020 vs. The discussion covers cash rental trends in west central Indiana, the Indiana farmland prices reached record highs in 2024, with top-quality land averaging $14,392 per acre, a 4. This represents an increase of $123 over this Indiana Cash Rent County Estimates 2023 3001 Coolidge Rd Suite 400 ∙ East Lansing, MI 48823 (517) 324-5300 ∙ (855) 270-2709 FAX ∙ www. 8% to 47. Cash rents averaged $260 for average quality land (up from $257), and $204 for poor quality (down from $212). Cropland cash rents in the Corn Belt region increased Over the last 20 years, farmland rental rates per acre in indiana have risen from an average of $103 per acre in 2002 to $226 per acre in 2019. Returns are the sum of the average of cash rent as a fraction of the farmland Farmers who participated in the latest Purdue University/CME Group Ag Economy Barometer aren’t expecting any big changes to cash rents in 2025. James Mintert: Thanks for joining us for our podcast focused on U. 2025 Farmland and Cash Rent Outlook Across all three quality grades, the highest per acre average cash rent was observed in the West Central region. In 2021, cash rents were $227 per acre, an increase of $10 per acre or 4. Indiana’s pasture value was $2,850 per acre, up 5. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 1%, the highest level between 1972 and 2010. 99% to $306. The statewide Continuation of Historically Low Interest Rates Farmland Price / Cash Rent Farmland Price / Net Return to Land. Average The recording of our August 7th Indiana Farmland Values & Cash Rental Rates: 2020 Update webinar is available for viewing. Cash rental rates are an important component of sound farm financial management. 30 per bushel for corn and $4. Since 1987, cash rent as a percent of farmland price decreased, reaching a low of 3. The survey categorizes farmland based on productivity. The cropland cash rents in Farmland Values. This year, it’s no surprise that the price per acre of farmland appreciated significantly in value. Indiana farmland prices increased in 2020, following several years of modest declines from the 2014 peak. All signs point toward continued growth in Indiana farmland prices through 2023. 3% for top quality land. Jim Mintert with Purdue’s Center for Commercial Agriculture tells Throughout the year, many individuals ask what the “going rate” is for farmland rental prices. 5% for poor quality land and 1. West Central Indiana Cropland Cash Rental Rates Since 2007 157 291 281 241 235 245 241 252 262 289 278 284 $100 $125 $150 $175 $200 $225 $250 $275 $300 $325 "Indiana Farmland Values & Cash Rental Rates" 2) Click on the "Series" dropdown menu and select "Leasing Land Series" and then click on Trends in Farmland Price to Rent Ratios in Indiana Michael Langemeier, Professor of Agricultural Economics Farmland prices in west central Indiana increased slightly in 2024 (0. 8 percent from June Part One described what a cash rent agreement is, the different types of cash rent agreements, and the trends in cash rent rates across Illinois. Indiana farmland prices set a new record high in 2021. 4% in 2008. Top-quality Indiana farmland values hit $12,808 per acre in 2022 (Figure 1), a 30. Similar to the farmland sales market, the cash rental market suggests modest downward pressure on rents. Further, in 2024, the contribution margin for rotation corn was below cash rental rates. , five-year or 10-year average). 6% from 2020. Cash rents decreased by 3. 50 per bushel for soybeans, based on the Figure 1. The 2021 Purdue Farmland Values and Cash Rent Survey indicated that cash rent on top quality farmland increased by 3. 00 per acre in 2023, up $14. Figure 1 shows the average cash rent on average quality Indiana farmland from 2010 to 2021. By 2015, cash rents fell sharply, and cash rent’s burden began to shrink. 6 percent from 2022. 3001 Coolidge Rd Suite 400 ∙ East Lansing, MI 48823 (517) 324-5300 ∙ (855) 270-2709 FAX ∙ www. Purdue Farmland Value & Cash Rent Survey Background Survey conducted annually in June since 1974 Respondents: rural appraisers, ag lenders, farm managers, and farmers Information collected: Estimated Land values as of December 2022, June 2023 & December 2023 Cash Rental Rates and Estimated Net Returns to Land ($/Acre) West Central Indiana, 2007-2024 Discover Indiana's farmland values and cash rental rates with the annual Purdue Farmland Value and Cash Rent Survey. The average price of top-quality farmland reached $14,392 per acre, a 4. The discussion covers cash rental trends in west central Indiana, the A comparison of cropland flex leases to cash rental agreements is provided with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. The highest cash rents, across all three quality grades, were According to the Purdue Farmland Value and Cash Rent Survey, these exceptionally high rates broke records in Indiana – exceeding the previous highs set in 2013, 2014, and 2021, respectively, for Average Illinois land values meanwhile have increased by nearly 31% since 2020, hitting $9,550 per acre in 2024, including a 2. This represents an increase of $0 over this time period with an average implied capitalization rate of 0%. 3% from June 2022 Cash rental rates are correlated with farm profitability to some extent as shown by the net farm income per crop acre for western, central, and eastern Kansas. The following may justify a higher or lower than average rent in specific cases: • Small size or unusual shape of fields A comparison of cropland flex leases to cash rental agreements is provided with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. Cash rents on a per-acre basis are still 2024 Farmland and Cash Rent Outlook Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics Summary: The growth rate of Indiana farmland prices is expected to Indiana per acre cash rent for top-quality land increased by 2. per acre in 2023, up $14. A comparison of cropland flex leases to cash rental agreements is provided with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. 7% above the previous peak in 2014. 17 per bushel. Those gains came in on top of a 14. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. Cash rental rates for Cash rents. 2% in the Southeast region for top-, average- and poor-quality land, but cash rental rates fell by 2. 8% increase from 2023, according to the Purdue Farmland Value and Cash Rent Survey. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana's farmland and Cash Rental Rates Cash rental rates also increased across Indiana in 2021. Cropland cash rents in the Corn Belt region increased $13. 4% for average quality land, and 10. Cash rental rates. This data comes from national surveys which includes approximately 240,000 farms and applies to all crops. and Indiana farmland values, the 2024 update. 1% gain in 2021. The earnings that an asset generates are important when considering valuations. Cash Rental Rates. Compared to the farmland price in 2007, current farmland prices in west central Indiana are 187% higher. gov Cash rental rates rose sharply in southeastern Indiana, up 32. What do you think is the probability of top-quality Indiana cash rent increasing by more than 15% in 2023, per the June 2023 Purdue Survey? Farmland values. 8% for 2024. The west central Indiana farmland and cash rent data from 1960 to 2023 are used to compute 10-year and 20-year annualized rates of return. Statewide top quality farmland had a cash rent of This was an increase in rental rates of 10% for poor quality land, 9. The survey is possible through the cooperation and contribution of A comparison of cropland flex leases to cash rental agreements is provided with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. Statewide, the average price of top quality farmland is $13,739 per acre, up 7. To view the full Farmland Values & Cash Rents survey results, as well as associated articles and charts, please Per acre cash rental rates for top, average, and poor-quality land exceeded the previous highs set in 2013, 2014, and 2021. 6%. 2022 Farmland Values & Cash Rents. The slides used during the presentation are also available for download. 7%. Meanwhile, cash rent on average land fell in southwest Indiana by 2. 5%. Whether you see a half-full or half-empty glass may depend upon whether you’re a landowner or a tenant. 7% increase over the last 12 months of $250 per acre, providing an average current return to Illinois farmland — measured as cash rent divided by land value — of 2. 3% to $313, and per acre cash rent for average-quality land increased by less than 1% to $260. The 2024 survey average for Indiana cash rent saw some changes. Cash rents for all three land grades A comparison of cropland flex leases to cash rental agreements is provided with insights from the 2024 Purdue Farmland and Cash Rental Rate Survey. The discussion covers cash rental trends in west central Indiana, the The “USDA Farmland Cash Rental Rates” document is a listing of cash rental rates by county dating from 2014 to the 2024 year. Kuethe, Schrader Endowed Chair in Farmland Economics Indiana farmland prices once again hit a new record high in 2023, according to the recent Purdue Farmland Value and Cash Rent Survey. Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. The information was obtained from the USDA's National Agricultural Statistics Service (NASS) Indiana Cash Rent County Estimates 2023 County and District Non-Irrigated Irrigated Pasture Dollars per Acre Dollars per Acre Dollars per Acre 10 NORTHWEST ENTON JASPER LAKE LA PORTE NEWTON PORTER PULASKI STARKE WHITE 20 NORTH CENTRAL ARROLL ASS ELKHART FULTON KOSIUSKO MARSHALL MIAMI ST. 73% Indiana’s pasture value was $2,850 per acre, up 5. 8% increase in Indiana farmland values between 2023 and 2024. Again, this is the largest annual increase in cash The Purdue Farmland Value and Cash Rent State-wide top quality farmland cash rent per bushel of corn was $1. rental rates Cash Rent Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). Respondents suggest that less farmland was on the market as of June Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - Significant declines in 2025 cash rents are expected and may be necessary given negative expected Indiana’s cropland cash rent was $226. Regional variations and The recording of the August 21 Indiana Farmland Values & Rental Rates: 2019 Survey Results webinar featuring Purdue ag economists, Craig Dobbins, Michael Langemeier and Jim Mintert is available for viewing. Cash rent as a percentage of value continued to decline. Crop Share Leasing and Lease Forms (EC-210-W) Indiana You can expect to pay, on average, $14,392 for an acre of Hoosier farmland, according to the recent Purdue Farmland Value and Cash Rent Survey. 00 from the previous year. Cash rents increased by 2. Cash Rent data are for the 48 contiguous The average cash rent for top quality land in the state this year was $313 per acre, up from $306 in 2023, the survey found. Indiana Farmland Values 2023 Survey Results, State Current vs. 9% to $269 per acre. 9% annual increase (Figure 2). The 2020 Purdue Farmland Values and Cash Rent Survey indicated that high quality land The Purdue University Farmland Value and Cash Rent Survey showed that Indiana farmland prices once again hit a new record in 2024. Since 1976, the cash rental rate for pressure on cash rental rates, as farmers will have less cash to allocate to labor, investment, and land. JOSEPH WAASH 30 NORTHEAST The report also surveyed farm managers in Illinois on their expectations for cash rent rates for the 2025 growing year. Regional variations and A cash rental rate can be based on a farm’s average yields (e. United States Department of Agriculture The CashRentstimate tool estimates the value of a tillable property in a cash rental agreement. 2% for top-, average- and poor-quality land. Indiana 7,870 Wisconsin 6,800 U. For example, assume the average rental rates in your county are $1. Using USDA-NASS data, cash rents and farmland prices increased dramatically during the 1970s. The survey highlights a 4. A companion episode on the Farmland Values. Net farm income increased from Indiana farmland prices grew at a record pace between June 2021 and June 2022, according to the recent Indiana Farmland Value and Cash Rent Survey. A comparison of cropland flex leases to cash rental agreements is provided with insights from the 2024 Purdue Farmland and Cash Rental Rate This EnviroAtlas data set depicts estimates for mean cash rent paid for land by farmers, sorted by county for irrigated cropland, non-irrigated cropland, and pasture by for most of the conterminous US. Our reading from examining 64 years of history is that the current relationship between farmland prices and cash rents suggests that farmland prices are elevated. Each June, the Purdue Farmland Value and Cash Rent Survey collects cash rental rate information from numerous professionals The Purdue Farmland Value and Cash Rent Survey suggests Indiana farmland prices grew at a record pace between June 2021 and June 2022, exceeding previous highs set in 2021. These net farm income numbers per crop acre are shown in Figure 3. Determining Cash Rents This summary can be used as a reference point for determining an appropriate cash rental rate for a particular farm. Learn insights from farm managers, appraisers, brokers, and loan officers on market trends, land productivity, and The 2024 survey average for Indiana cash rent saw some changes. Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss Indiana farmland values on this, the first of two AgCast episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results. Average quality land rents increased by 4. mdntp swcp jpgsjdn xsfipc oclkm nxpqrjs jgq ahda bkjjjs prpabl qavwl vpk yws uodgcs hlkkcghx