Indiana farmland prices have continued the trend of record highs in 2025 according to the Purdue University Farmland Value and Cash Rents Survey.
The survey found the average price of top-quality land reached $14,826 per acre, a three percent increase from June 2024. Average and poor-quality farmland also saw gains, with prices increasing 5.4 percent and 7.6 percent to $12,254 and $9,761 per acre, respectively.
Unlike previous years, the survey indicates a mixture of increases and decreases in farmland values and cash rents across the region. Statewide, cash rents increased from 1.5 to 1.7 percent for poor, average, and top-quality land.
The rent per bushel of corn for average-quality farmland was 1.32, and the rest as a percentage of farmland value was 2.2 percent, which was unchanged from the prior year.
In both the Southwest and Southeast regions of Indiana, farmland values fell across all three quality grades.
