Indiana Farmland Owners Brace for Higher Property Taxes in 2014

Feb 08, 2013

Agriculture economist says that base rate for assessed land value to increase

Indiana farmland owners should expect to pay higher property taxes in 2014 says Purdue Extension agricultural economist Larry DeBoer.

The expected increase in property taxes is due to the increase in the base rate for assessing land value. The base rate is the starting point for calculating taxes for farmland. It has increased from $1,630 per acre in 2012 to $1,760 for 2013; taxes assessed on this year’s base rate will be paid in 2014.

The trend of increased base rate has doubled in the past seven years; in 2007 it was only $880 per acre. In Indiana, farmland is assessed on the use value compared to the market value – it is based on the income that the land can generate, not the actual selling price.

Video: Reducing Nursery Feed Costs Without Losing Performance - Dr. Julian Arroyave

In this episode of The Swine Nutrition Blackbelt Podcast, Dr. Julian Arroyave, a research swine nutritionist at Carthage Innovative Swine Solutions, discusses nursery feed budget strategies designed to reduce costs without compromising pig performance. He explains trials comparing high, medium, and low phase 1 and phase 2 feed budgets, including commercial validation data showing improved income over feed cost when lower-budget programs were applied under healthy herd conditions. Listen now on all major platforms!

Click here to read the full research article: https://academic.oup.com/tas/article/...

"Results showed that the low-budget program increased income over feed cost by $1.48 per pig."

Meet the guest: Dr. Julian Arroyave / julian-arroyave-jaramillo-638740129 is a research swine nutritionist at Carthage Innovative Swine Solutions, with experience in nursery nutrition, diet formulation, and commercial research trials. He completed his PhD at Kansas State University and previously worked as a nutrition supervisor at Kekén in Mexico. His work focuses on nutritional strategies that improve production efficiency while controlling feed costs. Learn more from Dr. Julian Arroyave Jaramillo on The Swine Nutrition Blackbelt Podcast, available on all major platforms.