Farmland values in Indiana are on the rise after double digit gains

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(Photo/Kim Closson)

Much like its crops, the value of Indiana’s farmland is growing.

Values for agricultural land in the Midwest are up 14% year over year, according to Inside Indiana Business. The current numbers reflect the largest gain in eight years.

The Seventh Federal Reserve Bank district in Chicago says quality Hoosier farmland has a value that is 12% higher than it was a year ago.

Two weeks ago, agricultural economists from Purdue University reported farmland values in Indiana had reached an all-time high after double-digit gains.

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