The value of Indiana cropland has been steadily increasing over the past four years, reaching almost $2000 per acre in June 1997, just$100 short of the all-time peak in 1981. Cash rents also rose by about 5.3% from 1996 to 1997, with an average of $110 per acre. This represents a 53% increase in land value and a 24% increase in cash rents over the four-year period.