How many acres is Indiana?
Nearly two-thirds of Indiana’s 23 million acres are farmlands. Five of the state’s 92 counties have more than 90% of their land area in farm uses (see Figure 1).
How much is land per acre in Indiana?
In Indiana, top quality farmland has an average value of $8,668 per acre, average quality farmland rings in at $7,072, while poor-quality farmland averages $5,407. Like farmland values, changes in cash rent were consistently positive. On the whole, cash rents for the state increased 2.4 percent to 3.2 percent.
What is the largest farm in Indiana?
Indiana Tom Farms
Where is the best farmland in Indiana?
The most valuable farmland, based on crop productivity, is in west central Indiana with top quality farmland valued at $9,178 per acre. The lowest value is in the southeast corner of the state with its best farmland average at $5,900 per acre.
How much is wooded acre worth in Indiana?
Sale price averaged $1,632 per acre and ranged from $819 to $2,637 (Figure 2). The bare land average value of $712 per A and was estimated by subtracting the allocated timber value from the allocated timber value.
How much does a farmer make per acre in Indiana?
Farmland values and cash rents Average-quality Indiana farmland had a value of $7,072 per acre in June 2018, according to the Purdue Farmland Values Survey. Cash rents have followed a similar pattern, falling 12 percent and then rising 2 percent in 2018.
How much does farm land rent for in Indiana?
Figure 1 shows the average cash rent on average quality Indiana farmland from 2010 to 2020. Cash rents in 2020 increased to $217 per acre, their highest level since 2015 and on par with levels seen in 2012.
How much do farmers pay to rent land Indiana?
Indiana’s cropland cash rent was $194.00 per acre in 2019, down $4.00 from the previous year. Cropland cash rents in the Corn Belt region also decreased $1.00 from last year to $203.00 per acre.
How much does farmland cost in Indiana?
Indiana’s farmers cultivated just over 15 million acres of farmland in 2017. More than 80 percent of land in Indiana is devoted to farms, forests and woodland. 4.1 of Indiana’s 4.9 million forest acres are privately owned.
What is the life expectancy of a farmer?
For four decades, the average age of farmers has been on the rise. It was 50.3 years for the “principal operator” in the 1978 census, 53.3 years in 1992, 57.1 years in 2007, 58.3 years in 2012, and now is 59.4 years. By contrast, the average age of new and beginning farmers is 46.3 years, says the 2017 census.
What qualifies as a farm in Indiana?
Defining “Farm” The term “farm” includes stock, dairy, poultry, fruit, furbearing animal, and truck farms, plantations, ranches, nurseries, ranges, greenhouses or other similar structures used primarily for the raising of agricultural or horticultural commodities, and orchards and woodlands.
Is Indiana good for farming?
And while those crops are extremely important to the state, Indiana has earned its spot in top national rankings for several other commodities. The Hoosier State is 10th nationally in total agricultural production and in the top five for crop production, thanks to the abundance of corn and soybeans.
What are the top 3 industries in Indiana?
The major industries of Indiana are manufacturing, agriculture, mining and service industries. Although car and car parts have been the number one exported product out of Indiana for years, pharmaceutical sales is the fastest growing industry.
What animal represents Indiana?
There is no state animal of Indiana, although the state does have other official emblems. The cardinal probably comes closest to being the state animal of Indiana, but technically, it is the state bird.
What is the oldest town in Indiana?
Vincennes
What is the most boring town in Indiana?
Columbus
Where is the cheapest place to live in Indiana?
The Most Affordable Places To Live In Indiana
| Rank | City | CheapScore |
|---|---|---|
| 1 | New Whiteland | 18.33 |
| 2 | Wabash | 22.33 |
| 3 | Rushville | 23.0 |
| 4 | North Vernon | 23.67 |