Purdue Agricultural Economics Report

Purdue University

Research

82 Pages

Purdue’s annual outlook surveys the 2026 U.S. and Indiana farm economy, from crop margins and credit to farmland and regional conditions. It sketches a steadier land market but tighter operating conditions, with Indiana net farm income projected at $3.1 billion in 2026

Key Takeaways

Income Turns Lower: Indiana net farm income is projected at $3,104 million in 2026, down $1,610 million from 2025 as receipts and government payments fall.
Soybeans Beat Corn: Expected 2026 contribution margin is $262 per acre for soybeans versus $208 for corn, signaling better near term planting economics.
Land Holds Firm: Top quality Indiana farmland averaged $14,826 per acre in 2025, up 3.0%, while cash rents may soften as margins tighten.
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