Purdue Survey Finds Farm Values Decreasing

A Purdue University survey has found Indiana farmland values have continued their downward trend. The 2016 Purdue Farmland Value Survey released Wednesday found average declines of 8.2 to 8.7 percent from last year, depending on land quality. It says such large declines haven’t been seen since the mid-1980s. The survey says that over the past two years, the average farmland value has fallen about 13 percent.