Indiana has many acres of prime farmland. This means that Indiana has huge areas most suitable for food, animal feed, forage, fiber, and oilseed crops. Farm products contribute tremendously to Indiana’s Gross State Product (GSP). The Indiana Agriculture Industry contributes an estimated $25 Billion per year to the state’s economy.
Unfortunately, these prime farmlands most suitable for agriculture production are located in the suburban and exurban counties of metropolitan areas, which are also highly desirable for development.
Indiana’s tech environment is also becoming very lucrative to the economy. In 2020, tech companies closed with a 260 percent increase in total Venture Capital investments from the previous year. Some start-ups choose Indiana as a perfect location for their businesses, considering that places like the famous Silicon Valley have become too pricey to start a tech business in.
The flourishing tech economy in Indiana is a much welcome economic progress and development. The Cyberstates 2019 report says that Indiana added more than 3,400 tech jobs in 2019, and the tech sector had an estimated $16 billion impact on the state's economy.
With the tremendous economic benefit Indiana is getting from the increasing number of tech companies opening up, it must pave the way for developments that may affect the prime farmlands. However, they could work with the Indiana Land Resources Council to make decisions in creating appropriate spaces for tech companies at the same time, not hurting the agriculture industry altogether. But, Indiana definitely must get rid of #farmlands to become tech company ready.