Purdue survey: Indiana farmland values continue to fall

Indiana farmland values have continued their downward trend of last year, with average declines of 8.2 to 8.7 percent depending on land quality, according to the 2016 Purdue Farmland Value Survey. Declines of this size have not been seen since the mid-1980s.

Over the past two years, the average farmland value has fallen about 13 percent. The declines are largely the result of tighter profit margins from low commodity prices.