Explore undefined agriculture and learn what makes it unique.
Indiana benefits from the rich soil quality and favorable growing climates found throughout the Midwest allowing it to produce a diverse mix of crops. Over 65% of Indiana’s land area is devoted to farmland in various capacities, making up nearly 15 million acres of cropland, timberland, and pastureland. Indiana is ranked 10th in the United States in agricultural production with Corn, Soybeans, and Hogs making up more than 70% of the state’s agricultural sales. Interestingly, Indiana is a top ranking producer of Popcorn, Ducks, Tomatoes and Spearmint, which not only displays their vast diversity of commodities, but also their food processing excellence.
Over the last 20 years, farmland rental rates per acre in the indiana have risen from an average of $100 per acre in 1999 to $194 per acre in 2019. This represents an increase of $94 over this time period with an average implied capitalization rate of 3.4%.
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