Despite the fact that Indiana's land value has risen the least amount in comparison to every other state over the past 10 years, "Indiana farmland still remains a good buy and an enough better asset" according to an annual survery put out by Purdue University's survey.
"By geographic area, central Indiana counties posted the highest per-acre values for the three farmland classes: $3,551 for top quality, $3,007 for average quality and $2,517 for poor quality. The west-central region was close behind, at $3,351 for top quality, $2,816 for average quality and $2,217 for poor quality land. "
The complete land survey can be found at
http://www.agecon.purdue.edu/extension/pubs/paer/
Source:
AG Answers; http://www.agriculture.purdue.edu/aganswers/story.asp?storyID=3747
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