Generations of farmers, agronomists, lawmakers and other alumni of Purdue’s College of Agriculture met for their annual Fish Fry, amid a lot of political and economic uncertainty for the farm industry.
That fact wasn’t lost on the hundreds of Purdue agriculture alumni who flocked to the Indiana State Fairgrounds Saturday.
Most of them rely on farm exports to Mexico, China and other countries where President Donald Trump has pledged to reform trade deals. And Indiana Agriculture Secretary Ted McKinney says it’s on people’s minds.
The value of Indiana farmland is seeing its biggest decline since the 1980s.
That's according to Purdue University's annual Farmland Value Survey, which says the drop is mainly due to low grain prices.
Indiana farmland values have been falling since 2014, but the estimated decline this year is especially steep -- around 8.5 percent statewide, putting the cost of an average acre of land at a little over $7000.