The Purdue University Center for Commercial Agriculture (CCA) has announced a new partnership with Acres.com, a leader in farmland transaction data. By leveraging Acres’ robust datasets and CCA’s research expertise, this partnership will enhance CCA’s ability to deliver high-quality, timely insights to agricultural producers throughout the state.
“We’re excited about the collaboration between Acres and the Purdue Center for Commercial Agriculture. By providing Dr. Kuethe, Dr. Fiechter, additional faculty and students access to the leading land intelligence platform in the country, we hope to empower accurate and timely transaction-based land values reports, research and student learning opportunities. This collaboration exemplifies more than the provision of software — it demonstrates how Purdue and Acres value driving the cutting edge of land analysis, research and training for the future,” said Aaron Shew, vice president of product and data science at Acres.
Since the 1970s, Purdue’s Farmland Values and Cash Rent Survey has been Indiana’s primary source of farmland market information. This annual survey compiles per-acre farmland price data from market professionals, offering insights at the state level and within six multicounty regions. As part of the new partnership with Acres, CCA will offer a preview of the enhanced market insights through an infographic that provides a more detailed look at farmland market trends.
Using data from the 2024 Purdue Farmland Values and Cash Rent Survey, the preview infographic reveals the southwest region of Indiana as experiencing the largest annual growth in average per-acre farmland prices, with a 22.5% increase. Acre’s county-level transaction data pinpoints the two counties with the highest per-acre increases between 2023 and 2024 are located in the southwest region: Daviess (69.5%) and Greene (56.3%). Acre’s data also uncovered significant variability in the market that regional averages may obscure. While the southwest region overall saw a rise in prices, some counties, such as Vigo (-24.9%) and Warrick (-32.2%), experienced notable declines in farmland prices between 2023 and 2024.
“While regional trends provide valuable insights, this partnership with Acres will allow us to offer a more granular look at how farmland prices fluctuate at the county level,” said Todd Kuethe, professor of agricultural economics and the Schrader Endowed Chair in Farmland Economics at Purdue. “For farmers and landowners, this deeper level of insight will be crucial for making informed decisions in an evolving agricultural market.”
The new data and insights will be available in more detailed reports in the coming months as CCA and Acres continue to refine their analysis and share the latest farmland market trends.
