CROP PRICES LIVESTOCK PRICES PRICES PAID

LABOR & WAGE RATES FARM REAL ESTATE

PRICES “Hillside Feed Lots, Inc” Photographer ~~ Karis Brewer Age 11, Shipshewana, IN

“Feedtime” Photographer ~~ Whitney Zellers Age 14, Shelburn, IN

68 USDA, NASS, Indiana Field Office

CROP PRICES

MONTHLY PRICES RECEIVED BY FARMERS CROPS, INDIANA, 2004-2011 1/

Year Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Marketing Year Avg.

Corn (Dollars per Bushel)

2004-05 2.07 1.88 1.81 1.95 2.09 2.01 2.01 1.96 2.02 2.07 2.20 1.97 1.99

2005-06 1.80 1.72 1.71 2.04 2.09 2.07 2.15 2.20 2.26 2.21 2.31 2.08 2.00

2006-07 2.32 2.70 3.03 3.23 3.16 3.53 3.64 3.54 3.65 3.73 3.36 3.27 3.17

2007-08 3.32 3.34 3.68 4.07 4.23 4.67 4.96 5.49 5.82 5.89 5.92 5.67 4.39

2008-09 4.73 4.15 4.04 4.14 4.46 4.06 3.92 4.11 4.12 4.14 3.64 3.45 4.10

2009-10 3.31 3.70 3.66 3.62 3.79 3.69 3.62 3.51 3.65 3.55 3.69 3.80 3.66

2010-11 4.24 4.51 4.81 4.94 4.97 5.77 5.79 6.73 6.60 6.82 7.04 7.20 5.50

Soybeans (Dollars per Bushel)

2004-05 5.51 5.24 5.22 5.47 5.57 5.46 6.02 5.99 6.32 6.76 6.93 6.29 5.66

2005-06 5.76 5.60 5.58 6.01 6.06 5.83 5.76 5.69 5.83 5.80 5.85 5.53 5.78

2006-07 5.40 5.63 6.13 6.38 6.44 6.95 7.17 7.13 7.36 7.83 7.97 8.03 6.53

2007-08 8.49 8.81 9.65 10.30 10.10 12.30 11.70 12.30 12.80 14.50 14.50 13.50 10.20

2008-09 11.00 9.78 9.47 9.70 10.30 9.88 9.49 10.10 11.10 11.90 11.10 11.00 10.20

2009-10 9.97 9.49 9.63 10.20 10.00 9.82 9.70 9.79 9.77 9.79 10.10 10.50 9.80

2010-11 10.10 10.60 11.50 12.30 11.80 12.90 12.70 13.30 13.70 13.40 13.70 13.40 11.80

Year Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Marketing Year Avg.

Wheat (Dollars per Bushel)

2004-05 3.37 3.28 3.01 3.09 2.90 2.85 3.06 3.24 2.98 3.25 2.97 3.08 3.24

2005-06 3.16 3.18 2.92 2.88 3.03 3.02 3.04 3.21 3.34 3.29 2.98 3.43 3.15

2006-07 3.34 3.18 2.95 3.31 3.56 4.38 4.46 4.08 4.16 4.05 4.07 4.54 3.41

2007-08 4.90 5.10 5.70 7.09 8.02 5.52 7.58 7.56 9.05 9.56 10.70 6.36 5.20

2008-09 6.18 6.32 6.43 5.10 4.14 3.82 4.93 5.46 5.23 5.79 4.52 5.10 5.91

2009-10 4.47 4.33 3.91 3.35 3.77 3.79 4.24 4.22 4.30 4.17 4.27 4.99 4.27

2010-11 4.49 5.06 5.88 6.31 5.17 5.81 6.14 6.83 7.78 7.58 7.71 7.55 5.12

1/ Weighted monthly average for market year. 2009 and 2010 are preliminary. 2/ Data not available.

USDA, NASS, Indiana Field Office 69

CROP PRICES

MARKETING YEAR AVERAGE PRICES RECEIVED BY FARMERS CROPS, INDIANA, 2005-2010 1/ (Continued)

Commodity 2005 2006 2007 2008 2009 2010

Dollars per Bushel

Oats 1.98 2.10 3.75 3.90 3.39 3.90 Dollars per Cwt

Cantaloupe for Fresh Market 15.70 15.20 16.20 19.80 15.00 15.80 Sweet Corn for Fresh Market 23.40 23.80 22.90 31.00 40.00 24.00 Tomatoes for Fresh Market 62.30 67.00 81.00 94.00 80.00 78.00 Watermelon 7.20 9.50 7.60 9.90 9.00 11.40

Dollars per Pound Apples, Commercial .285 .290 .280 .378 .300 .403 Apples, Fresh Market .415 .429 .450 .500 .405 .484 Blueberries, All 1.220 1.480 1.920 1.530 1.510 1.190 Blueberries, Fresh Market 1.410 1.600 2.20 2.00 1.920 1.640 Blueberries, Processing .970 1.320 1.550 .890 .400 .620 Popcorn .0960 .1040 .1440 .1890 .1610 .1610 Peppermint Oil 11.60 13.40 14.80 19.60 25.80 25.00 Spearmint Oil 10.60 12.10 12.40 15.20 16.80 16.60

Dollars per Ton Apples, Processing 117.00 115.00 136.00 195.00 100.00 190.00 All Hay 98.50 98.50 151.00 144.00 124.00 115.00 Alfalfa Hay 112.00 110.00 172.00 164.00 144.00 139.00 Other Hay 75.50 77.00 126.00 107.00 90.00 83.50 Cucumbers for Processing 163.00 312.00 348.00 350.00 366.00 366.00 Snap Beans for Processing 183.00 193.00 200.00 212.00 209.00 284.00 Tomatoes for Processing 84.80 89.60 94.00 100.00 113.00 105.00

1/ Weighted annual average for market year. Price for latest year shown is preliminary.

“Our Way of Living” Photographer ~~ Michelle Bruggeman Age 16, Portland, IN

70 USDA, NASS, Indiana Field Office

LIVESTOCK PRICES

MONTHLY AVERAGE PRICES RECEIVED BY FARMERS LIVESTOCK AND LIVESTOCK PRODUCTS, INDIANA, 2004-2011

Year Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Marketing Year Avg.

Hogs (Dollars Per Cwt)

2004-05 50.60 51.30 49.30 49.30 49.00 53.60 48.70 49.10 49.60 48.10 46.30 42.50 49.00

2005-06 43.70 39.60 41.80 42.10 40.40 46.60 52.40 49.20 49.80 47.50 45.80 43.70 45.00

2006-07 42.70 41.30 45.90 43.30 46.20 52.20 53.90 51.70 51.10 47.00 42.90 39.80 46.10

2007-08 41.20 39.50 43.90 42.90 47.60 56.00 54.70 55.40 60.90 54.20 50.40 43.70 49.10

2008-09 45.90 46.50 46.70 47.10 48.10 48.50 46.70 46.40 40.50 39.80 39.70 41.90 44.80

2009-10 44.90 48.80 50.10 52.90 57.30 61.90 58.70 59.10 60.50 59.60 53.80 49.80 54.60

2010-11 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 2/

Barrows and Gilts (Dollars Per Cwt)

2004-05 51.00 51.70 49.30 49.50 49.40 54.20 48.80 49.70 50.20 48.50 46.30 42.60 49.30

2005-06 43.80 39.80 42.40 42.40 40.90 47.70 53.90 50.30 51.00 48.30 46.20 44.30 45.60

2006-07 43.50 42.00 46.90 43.70 47.40 53.40 55.00 52.60 52.10 47.50 43.80 40.80 47.00

2007-08 42.90 40.90 45.60 44.30 49.90 58.50 56.90 58.30 62.50 54.10 50.50 44.10 50.60

2008-09 45.60 46.30 46.60 47.20 48.20 48.60 47.50 47.70 41.20 40.90 40.60 42.10 45.20

2009-10 46.00 49.40 49.70 52.90 57.20 61.90 58.80 59.20 60.30 59.30 53.80 50.00 54.70

2010-11 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 2/

Sows (Dollars Per Cwt)

2004-05 47.30 47.80 49.40 46.90 44.60 46.50 47.90 42.30 42.80 43.50 46.50 41.90 45.60

2005-06 42.80 37.40 35.50 38.40 33.30 34.50 36.70 36.20 38.00 38.90 40.40 38.80 37.80

2006-07 35.80 33.70 36.10 38.10 32.00 38.20 41.50 41.40 40.60 41.60 32.10 30.50 36.50

2007-08 25.50 23.10 26.50 27.00 20.70 27.80 29.90 22.40 44.60 55.30 49.60 40.30 33.50

2008-09 48.10 48.20 48.10 46.40 46.80 47.80 37.00 31.80 33.80 26.70 30.20 39.80 41.60

2009-10 34.80 42.20 54.10 53.50 58.70 61.50 57.50 58.50 63.20 62.90 53.30 47.70 53.50

2010-11 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 2/

1/ Data discontinued.

2/ Data not available.

USDA, NASS, Indiana Field Office 71

LIVESTOCK PRICES

MONTHLY AVERAGE PRICES RECEIVED BY FARMERS LIVESTOCK AND LIVESTOCK PRODUCTS, INDIANA, 2005-2011 (Continued)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Marketing Year Avg.

Milk Wholesale - All Milk (Dollars Per 100 Pounds)

2005 17.30 15.80 16.50 15.70 15.90 15.30 15.60 15.90 15.80 16.20 16.20 15.50 16.00

2006 15.30 14.90 13.90 13.00 12.80 11.70 12.80 12.90 13.30 14.50 14.60 14.70 13.30

2007 14.90 15.10 16.00 16.90 18.20 20.20 22.60 23.10 22.90 22.50 22.40 21.70 19.70

2008 22.20 20.80 18.80 19.60 18.80 20.00 21.30 20.00 19.60 18.30 18.60 16.70 19.60

2009 15.70 12.30 11.80 12.40 12.40 12.10 12.20 12.40 13.30 14.70 15.50 16.60 13.40

2010 17.10 16.90 16.20 15.30 15.80 16.60 17.20 17.90 18.50 19.30 19.10 18.10 17.30

2011 17.90 19.70 21.10 20.80 20.60 21.50 22.00 22.30 1/ 1/ 1/ 1/ 1/

Milk Wholesale - Fluid Market (Dollars Per 100 Pounds)

2005 17.40 15.80 16.60 15.70 16.00 15.30 15.70 16.00 15.80 16.30 16.30 15.50 16.00

2006 15.30 14.90 14.00 13.00 12.80 11.70 12.80 12.90 13.30 14.50 14.60 14.70 13.40

2007 14.90 15.10 16.00 16.90 18.20 20.30 22.70 23.20 23.00 22.50 22.40 21.70 19.70

2008 22.20 20.80 18.80 19.60 18.80 20.00 21.30 20.00 19.60 18.30 18.60 16.70 19.60

2009 15.70 12.30 11.80 12.40 12.40 12.10 12.20 12.40 13.30 14.70 15.50 16.60 13.40

2010 17.10 16.90 16.20 15.30 15.80 16.60 17.20 17.90 18.50 19.30 19.10 18.10 17.30

2011 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 1/

1/ Data not available. 2/ Data discontinued.

MONTHLY AVERAGE PRICES RECEIVED BY FARMERS MILK COWS, INDIANA, 2005-2011

Year Jan Apr Jul Oct Marketing Year Avg.

Dollars Per Head

2005 1,550 1,700 1,750 1,780 1,700

2006 1,800 1,800 1,700 1,650 1,750

2007 1,650 1,730 1,950 2,100 1,860

2008 2,040 2,030 2,010 1,920 2,000

2009 1,800 1,500 1,450 1,300 1,510

2010 1,300 1,270 1,260 1,340 1,290

2011 1,350 1,450 1,500 1/ 1/

1/ Data not available.

72 USDA, NASS, Indiana Field Office

LIVESTOCK PRICES

MARKETING YEAR AVERAGE PRICES RECEIVED BY FARMERS LIVESTOCK AND LIVESTOCK PRODUCTS, INDIANA, 2005-2010 1/ (Continued)

Commodity 2005 2006 2007 2008 2009 2010

Dollars Per Cwt.

All Beef Cattle 85.20 86.10 81.80 78.50 73.80 83.70

Steers and Heifers 102.00 100.00 93.50 89.20 83.20 94.30

Cows 50.00 48.30 49.40 50.70 46.20 52.40

Calves 117.00 119.00 106.00 93.00 96.40 107.00

Sheep 43.40 32.30 28.00 25.00 29.00 52.40

Lambs 108.00 94.00 95.60 102.00 105.00 124.00

Wool 2/ .170 .170 .240 .180 .230 .380

Market Eggs 3/ .342 .383 .743 .985 .656 .690

Chickens 2/ 4/ .008 .008 .008 .008 .010 .009

Turkeys 2/ .450 .500 .560 .590 .500 .610

Honey 2/ 1.18 1.58 1.50 1.68 2.02 2.26

1/ Calendar year average. 2/ Dollars per pound. 3/ Dollars per dozen. Average price for market eggs only (includes eggs sold retail by producers). 4/ Marketing year average (December - November). Excludes broilers.

“#50 Show Calf” Photographer ~~ Charley Fry-Schutt Age 13, Attica, IN

USDA, NASS, Indiana Field Office 73

PRICES PAID

PRICES PAID BY FARMERS FOR FEED INGREDIENTS MIXED FEEDS AND FUEL, CORNBELT 1/, 2006-2011

Item 2006 2007 2008 2009 2010 2011

Dollars Per Cwt

Alfalfa Meal 15.90 18.10 20.00 22.40 22.10 22.80

Alfalfa Pellets 16.10 18.30 20.60 23.50 23.10 23.70

Bran 15.80 16.00 17.00 20.90 20.10 24.00

Corn Meal 9.30 10.50 12.00 11.30 10.90 15.70

Cottonseed Meal (41% Protein) 18.50 20.30 21.70 21.70 24.60 24.50

Liquid Molasses 20.10 20.40 18.80 24.30 22.70 23.50

Soybean Meal (44% Protein) 15.90 17.00 21.50 19.20 19.70 24.60

Dollars Per Ton

Beef Cattle Concentrate (32-36% Protein) 350.00 388.00 438.00 492.00 407.00 516.00

Dairy Feed (16% Protein) 206.00 271.00 309.00 290.00 263.00 381.00

Hog Concentrate (38-42% Protein) 349.00 389.00 473.00 476.00 434.00 549.00

Broiler Grower 315.00 348.00 432.00 459.00 405.00 471.00

Chick Starter 318.00 339.00 407.00 433.00 403.00 448.00

Laying Feed 253.00 267.00 387.00 379.00 328.00 387.00

Turkey Grower 309.00 338.00 419.00 456.00 412.00 483.00

Dollars Per Gallon

Gasoline (Service Station, Unleaded) 2.55 2.57 3.225 1.905 2.696 3.459

Gasoline (Bulk Delivery, Unleaded) 2.61 2.62 3.286 1.966 2.777 3.528

Diesel Fuel (Bulk Delivery) 2.31 2.50 3.658 1.675 2.539 3.506

L.P. Gas (Propane, Butane, etc) 1.58 1.58 2.170 1.667 1.865 1.953

1/ Cornbelt Region includes Indiana, Illinois, Iowa, Missouri, and Ohio.

74 USDA, NASS, Indiana Field Office

PRICES PAID

PRICES PAID BY FARMERS FOR SELECTED ITEMS UNITED STATES, 2006-2011

Item Unit 2006 2007 2008 2009 2010 2011

Dollars

Machinery

Farm Tractor, P.T.O. 50-59 HP 23,700 24,300 25,000 24,500 25,000 25,700

Farm Tractor, P.T.O. 70-89 HP 37,600 38,900 39,300 39,000 39,900 41,000

Farm Tractor, P.T.O. 110-129 HP 70,900 74,000 76,100 77,700 78,000 80,400

Farm Tractor, P.T.O. 140-159 HP 95,500 100,000 104,000 111,000 114,000 123,000

Combine, self propelled with grain head

Large Cap.

201,000 213,000 230,000 253,000 257,000 275,000

Corn Planter, with fertilizer attach.

4-row

18,200 18,400 19,500 22,100 23,400 24,400

Corn Planter, with fertilizer attach.

8-row

34,100 33,500 38,000 40,200 42,900 43,100

Corn Planter conservation for no-till conditions

12-row

60,200 62,700 67,900 72,900 75,300 79,800

Cultivator, flexible 12-row 18,300 18,200 17,400 18,600 23,300 26,500

Disk Harrow, Tandem, Drawn 1/ 15-17 Foot 17,400 18,300 18,900 22,400 22,500 22,300

Disk Harrow, Tandem, Drawn 1/ 18-20 Foot 22,000 23,400 24,100 27,800 28,800 29,700

Feed Grinder-Mixer, Trailer Mounted, P.T.O. operated

--- 20,100 20,700 25,100 25,100 28,300 30,800

Field Cultivator 17-19 Foot 14,400 14,000 18,500 20,700 20,800 21,000

Grain Drill, Plain 15-17 Openers 16,800 18,500 21,600 22,200 24,200 22,200

Grain Drill, Press 23-25 Openers 25,200 26,100 26,900 32,400 36,600 38,700

Grain Drill, with fert. attach. 20-24 Openers 20,200 23,500 22,700 28,800 29,600 31,000

Grain Drill, No till, with fert. attach.

15 Foot 32,600 34,400 35,000 40,000 41,500 43,300

Hay Tedder 15-18 Foot 5,380 5,740 6,150 7,290 6,890 6,990

Sprayer, Field Crop, Power, Tractor Mounted

300 gallon spray tank

7,320 7,530 8,280 8,460 7,370 7,460

Sprayer, Field Crop, Power, Trailer Type

500-700 gallon spray tank

15,900 16,800 19,100 21,100 19,600 18,900

1/ With hydraulic lift, transport wheels, and tires.

USDA, NASS, Indiana Field Office 75

PRICES PAID

AVERAGE ANNUAL PRICES PAID BY FARMERS FOR SELECTED ITEMS UNITED STATES, 2006-2011 (Continued)

Item Unit 2006 2007 2008 2009 2010 2011

Dollars

Fertilizer, Lime and Pesticide Materials 1/

5-20-20 ton 271.00 328.00 597.00 570.00 455.00 553.00

6-24-24 ton 321.00 371.00 691.00 737.00 565.00 675.00

10-34-0 ton 318.00 358.00 650.00 787.00 422.00 675.00

18-46-0 (DAP) ton 337.00 442.00 850.00 638.00 508.00 703.00

19-19-19 ton 340.00 413.00 693.00 665.00 520.00 648.00

Ammonium Nitrate ton 366.00 382.00 509.00 438.00 398.00 479.00

Anhydrous Ammonia ton 521.00 523.00 755.00 680.00 499.00 749.00

Superphosphate, 44-46% P2O5 ton 324.00 418.00 800.00 639.00 507.00 633.00

Muriate of Potash, 60-62% K2O ton 273.00 280.00 561.00 853.00 511.00 601.00

Urea, 44-46% ton 362.00 453.00 552.00 486.00 448.00 526.00

Limestone, Spread ton 22.30 23.00 25.60 27.40 27.50 46.40

2, 4-D, 3.8 pounds/gallon gal. 16.20 15.90 17.20 19.30 18.00 18.00

Atrazine, (AAtrex), 4 lbs/gal L gal. 12.10 12.20 15.30 20.80 18.90 17.30

Glyphosate, (Roundup), 4 lbs/gal EC gal. 29.30 28.90 40.50 42.80 22.80 16.80

Pendimethalin, (Prowl), 3.3 lbs/gal EC gal. 24.30 28.20 29.70 37.40 36.30 38.70

Simazine, (Princep), 4 lbs/gal EC gal. 17.60 17.70 20.30 27.20 25.60 24.50

Trifluralin, (Treflan), 4 lbs/gal EC gal. 20.60 20.40 20.90 24.40 23.80 24.60

Carbaryl, (Sevin), 80% WP lbs. 5.51 6.43 7.12 7.80 8.14 7.78

Chlorpyrifos, (Lorsban), 4 lbs/gal EC gal. 37.30 37.80 37.40 43.50 40.30 39.40

Terbufos, (Counter), 15% G lbs. 2.06 2.32 2.53 2.46 2.64 2.73

Field Seeds

Corn, hybrid 2/ 118.00 133.00 165.00 217.00 229.00 237.00

Soybeans bu. 28.90 34.80 38.80 48.30 51.90 49.70

1/ Formulation abbreviations: EC - Emulsifiable Concentrate, G - Granular, L - Liquid, WP - Wettable Powder.

2/ 80,000 kernels.

76 USDA, NASS, Indiana Field Office

LABOR & WAGE RATES

WORKERS ON FARMS BY QUARTERS, EASTERN CORNBELT, 2005-2011 1/ 2/

Year January April July October

Thousands

Hired Workers

2005 28 41 54 50

2006 37 47 55 48

2007 3/ 47 53 50

2008 27 44 44 38

2009 26 32 56 47

2010 32 45 50 56

2011 26 3/ 41 3/

Expected to be Employed 150 Days or More

2005 24 30 31 33

2006 32 40 33 33

2007 3/ 38 34 33

2008 22 34 33 27

2009 24 26 34 29

2010 27 29 34 29

2011 22 3/ 29 3/

Expected to be Employed 149 Days or Less

2005 4 11 23 17

2006 5 7 22 15

2007 3/ 9 19 17

2008 5 10 11 11

2009 2 6 22 18

2010 5 16 16 27

2011 4 3/ 12 3/

1/ Eastern Cornbelt consisted of 212,700 farms for 2010 in Indiana, Illinois, and Ohio. 2/ Persons employed during the full calendar week including the 12th of the month, excluding Ag Service Workers. 3/ Data not available.

USDA, NASS, Indiana Field Office 77

LABOR & WAGE RATES

FARM WAGE RATES 1/ EASTERN CORNBELT, 2005-2011 2/

Year and

Month

Number of Hours Worked

All Hired

Workers

Type of Worker

Field Livestock Field &

Livestock

Number Dollars per Hour

2005

January 33.2 10.06 9.40 8.95 9.18

April 37.7 9.51 8.84 9.17 8.91

July 36.0 9.56 9.20 8.77 9.10

October 42.1 10.10 9.88 8.68 9.57

2006

January 36.1 11.33 11.79 9.51 10.55

April 42.0 10.47 10.18 9.59 10.00

July 34.7 10.14 9.46 9.28 9.40

October 40.5 10.63 10.12 9.04 9.75

2007

January 3/ 3/ 3/ 3/ 3/

April 42.2 10.17 9.86 9.16 9.45

July 36.0 10.20 9.22 10.32 9.57

October 42.7 10.60 10.24 9.75 10.10

2008

January 34.7 11.60 10.79 10.92 10.85

April 37.5 11.43 10.32 10.73 10.45

July 35.0 10.90 10.27 10.87 10.43

October 37.2 10.60 10.31 10.05 10.25

2009

January 35.5 11.90 11.85 10.85 11.30

April 38.0 11.70 10.93 10.44 10.72

July 36.2 10.30 9.78 9.45 9.70

October 33.6 11.17 11.30 10.51 11.00

2010

January 32.4 11.95 11.81 10.35 11.00

April 34.1 11.25 11.11 9.75 10.70

July 37.4 11.20 10.57 11.17 10.75

October 38.3 11.54 11.19 10.48 10.95

2011

January 37.5 13.00 11.67 11.72 11.70

April 3/ 3/ 3/ 3/ 3/

July 34.4 11.15 10.66 10.63 10.65

1/ Excludes Ag Service Workers. 2/ Eastern Cornbelt region consists of Indiana, Illinois, and Ohio. 3/ Data not available.

78 USDA, NASS, Indiana Field Office

FARM REAL ESTATE

SELECTED STATISTICS ON FARM REAL ESTATE INDIANA, 2005-2011 1/

Year Farm

Real Estate Cropland Pasture

Average Value Per Acre

Dollars 2005 3,000 2,980 1,890

2006 3,250 3,250 2,000

2007 3,640 3,640 2,230

2008 4,100 4,140 2,510

2009 4,020 3,950 2,430

2010 4,300 4,400 2,410

2011 2/ 4,800 4,800 2,500

1/ Source: Agricultural Land Values, August 2011. 2/ Preliminary.

FARMS RENTED FOR CASH--GROSS CASH RENT PER ACRE INDIANA, 2005-2011

Farm Cash Rent Per Acre

2005 2006 2007 2008 2009 2010 2011 1/

Cropland 109.00 111.00 120.00 135.00 139.00 141.00 152.00

Pasture 2/ 30.50 31.00 31.00 39.00 41.00 45.00 31.00

1/ Preliminary. 2/ Data for 2005-2007 is for the Cornbelt Region.

“Farmall Tractor” Photographer ~~ Kyle Simpkins Age 13, Scottsburg, IN