Indiana farmland prices up, Purdue survey shows

WEST LAFAYETTE, Ind. — Indiana farmland prices increased this year, continuing a trend of record highs, according to the Purdue Farmland Value and Cash Rents Survey.

The average price of top-quality farmland reached $14,826 per acre, a 3% increase from June 2024.

Average and poor-quality farmland also saw gains, with prices increasing 5.4% and 7.6% to $12,254 and $9,761 per acre, respectively.

“Farmland prices increased modestly in 2025 at the state level and across the northern two thirds of the state,” said Todd Kuethe, agricultural economics professor at Purdue University, in the report.

“However, farmland prices declined by varying degrees in the southern third of the state. Both the southwest and southeast regions experienced declines between 4.6% and 11.3%, depending on quality grade.”

Respondents expect a modest increase in farmland prices through the rest of 2025 for most of the state, though prices are anticipated to continue to decline in the southwest and southeast regions.

Statewide, cash rents increased from 1.5% to 1.7% for poor, average and top-quality land.

Learn more at https://tinyurl.com/2025-08-PAER.