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How much is an acre of land going for in Indiana?

The statewide average value of transitional land was $17,759 per acre, a 17% increase from June 2020. Rural land purchased for recreational purposes nearly doubled from $3,876 per acre in 2020 to $7,486 per acre in 2021.

What is farmland selling for in Indiana?

Statewide, top-quality farmland averaged $12,808 per acre, up 30.9% from the same time last year. The average per acre price of average-quality farmland similarly increased by 30.1% to $10,598. Poor quality farmland prices exhibited the largest increase of 34.0% to $8,631.

How much does an acre of land cost in Indiana 2022?

The increases in cash rents were the highest observed since the 2011\u20132012 period. Across the three quality grades, cash rents also reached a record high in 2022 at $300 per acre for high-quality farmland, $252 for average-quality, and $207 for poor-quality land.

How much is an acre worth in Indiana?

The statewide average value of transitional land was $17,759 per acre, a 17% increase from June 2020. Rural land purchased for recreational purposes nearly doubled from $3,876 per acre in 2020 to $7,486 per acre in 2021.

What is the price of farm ground in Indiana?

In June 2021, the market value of top-quality farmland increased to $9,785 per acre, up 13% from a year earlier, according to the Purdue University Farmland Value and Cash Rents Survey. That value is determined by farmers across the state, who share what they'd be willing to pay for certain types of acreage.

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What is the average value of a farm?

Agricultural Land Values Highlights The United States cropland value averaged $5,050 per acre, an increase of $630 per acre (14.3 percent) from the previous year. The United States pasture value averaged $1,650 per acre, an increase of $170 per acre (11.5 percent) from 2021.

How much is an acre of land going for in Indiana?

The statewide average value of transitional land was $17,759 per acre, a 17% increase from June 2020. Rural land purchased for recreational purposes nearly doubled from $3,876 per acre in 2020 to $7,486 per acre in 2021.

What is farm ground worth in Indiana?

Indiana farmland prices set a new record high in 2021. The 2021 Purdue Farmland Values and Cash Rent Survey indicated that top quality farmland prices increased by 14.1% to $9,785 per acre. Average quality land values increased by 12.5% to $8,144, and poor quality land values increased by 12.1% to $6,441.

How much do farmers make per acre in Indiana?

Statewide, top quality farmland averaged $9,785 per acre, up 14.1% from June 2020 (Table 1). The high growth rate for top quality farmland was closely followed by the growth in average and poor quality farmland prices, which increased by 12.5% (to $8,144) and 12.1% (to $6,441), respectively.

How much does an acre of land cost in Wisconsin 2021?

Wisconsin's farm real estate value, a measurement of the value of all land and buildings on farms, averaged $5,190 per acre in 2021, according to the USDA, National Agricultural Statistics Service \u2013 Land Values 2021 Summary. This was up $340 per acre, 7% above last year's level.

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