The value of Indiana farmland shot up 17 to 19 percent over the the years 1990 to 2006, says Purdue University.

Today, with the prices reduced due to the economy, real estate is a great investment.  

It's the biggest one-year jump since 1977, Purdue said.
The June survey shows top-quality land used for growing crops worth an average of $4,407 an acre, with poor-quality land worth $2,991.

The rising price of corn and soybeans has helped drive cropland prices up.

Like the old man says: 'When they start making more land, that's when land will become a mediocree investment. '

The median price for a single-family home sold during the three months ended June 30 2007 fell to $223,800, 1.5 percent below the price a year ago. - CNNMoney

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