Indiana farmland values up

WEST LAFAYETTE, Ind. — Indiana farmland prices have continued their trend of record highs in 2025, according to the latest Purdue Farmland Values and Cash Rents Survey results.

In A Nutshell

• $14,826 — average price of an acre of top-quality farmland, up 3% from June 2024.

• $12,254 — average price of average-quality farmland, up 5.4% from June 2024.

• $9,761 — average price of low-quality farmland, up 7.6% from June 2024.

“Farmland prices increased modestly in 2025 at the state level and across the northern two-thirds of the state,” said Todd Kuethe, the Schrader Endowed Chair in Farmland Economics at Purdue University and the survey’s author.

“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.

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

“Land transitioning out of agricultural production declined in value slightly by 5.3%,” Kuethe said. “Statewide cash rents saw minimal changes, with some variation across regions, reflecting broader trends in land values.”

View the complete report at https://tinyurl.com/2025-08-PAER.