The State of Indiana provides guidance related to Agricultural Land Assessment. Base rates, per acre, are provided by the State and applied to each parcel. The Land Rate is then adjusted based on use (tiallable, non-tillable, etc.) and recorded soil types (An, Pn, etc). Any use that incorporates "open" ditchs and or Right-of-Way will be adjusted to "0" value. Placement of Land into a use type of "Classified Lands" must first meet the requriements and application process of the Indiana DNR.
The currently Base Rate for the 1 January 2019 assessment is $1,560. 2018's rate was $1,610.
The average Sale Price per acre for AG in 2018 was $5,809. 2017's rate was $5,174