Tag Archive | "wheat prices"

High commodity prices cause tax increase on Indiana farmland

WEST LAFAYETTE, Ind. — Indiana farmers could see a substantial increase in property taxes over the next few years if the state’s farmland taxation formulas remain unchanged, said one Purdue University expert. “Indiana assesses farmland based on its use value rather than its market value,” said Purdue agricultural economist Larry DeBoer. “Almost all states do […]

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Economist estimates record value for wheat crop, despite floods

WEST LAFAYETTE, Ind. — Eastern Corn Belt farmers took advantage of high wheat prices and increased acreage planted by 24 percent across Illinois, Indiana and Ohio. “The three states are expected to produce 180 million bushels of wheat this year,” said Chris Hurt, Purdue University Cooperative Extension agricultural economist. “This means it’s the biggest wheat […]

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 May 2017
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