The bill is named after a Farmland, Indiana native who died four years ago after returning from service overseas.
A state climatologist says warm temperatures and day-long rains have helped the ground recover from last year's drought.
Farmland prices have risen between 14 percent and 18 percent this year and will likely continue to increase.
Indiana farmland values jumped by nearly 23-percent from 2010 to 2011.
Farmland values increased 29 percent in Indiana over the past year.