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Wabash County, Indiana
2024 Land Sales Report

After consistent appreciation over recent years, Wabash County land values rose once again in 2024. Early signs in 2025 point to a more moderate market.

If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Jacob Hogan today at (765) 366-6328.

Request a Land Values Report

Average Price of Land*

$14,444/acre
Jan. – Dec. 2024*

As high as $23,689/acre

in 2024*

Land Market Commentary & Local Trends

Overall, the average price of farmland was $14,444/acre and the price per productivity index point was $206.35 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $23,689 per acre. 

 

Since 1977, the Geswein Farm & Land Team has been advising landowners to be stewards of the land and make decisions based on most current, accurate, and relevant data. The information in this report can provide you with a rough estimate of your property’s value; however, understanding the specific characteristics of your property and how they compare to the other sales will provide the most accurate value of your property. Additionally, properties sold by land brokers via auctions or listings consistently outperformed individual to individual transactions and properties sold by traditional home realtors.

By The Numbers

According to Land.com, about 1,000 acres hit the market in Wabash County, Indiana, with a combined listing value close to $14 million. While it’s not one of the top counties in terms of land available—ranking 75th out of Indiana’s 92 counties—it still offers some great opportunities. North Manchester stands out as the area with the most listings for farms, hunting land, and other rural properties. When it comes to the local economy, manufacturing and related services play a major role in Wabash County. The county itself is the 30th largest in Indiana, covering around 420 square miles, and is located in the eastern part of the state.

 

The most recent USDA farmland census reveals that in Wabash County, Indiana, agriculture remains a core part of the local economy. Corn and soybeans are the dominant crops – about 68,600 acres in corn and 94,000 acres in soybeans – together accounting for over 80% of harvested cropland. Livestock operations contribute heavily to the county’s farm income, representing around 63% of the total market value of agricultural output. With average annual sales per farm near $621,000, production expenses hovering at $120,000, and equipment valued at $91,000, local farmers are clearly reinvesting in their operations. The vast majority (about 86%) are family-run, and the average age of farm operators is around 55. Farms here may be big, but they are still deeply rooted in family tradition and local stewardship.

 

 

Overview of Wabash County Agriculture

 

Location and Geography: Wabash County is located in northeastern Indiana and features a mix of gently rolling farmland, wooded areas, and the Wabash River running through the county, which adds to its natural beauty and agricultural potential.

 

Major Crops:

 

  1. Corn is a dominant crop in Wabash County, valued for its versatility in livestock feed, ethanol production, and food processing.

  2. Soybeans are widely grown and often rotated with corn, serving as an important source of protein for animal feed and ingredients for various food and industrial products.

  3. Wheat is also cultivated in the region, providing an additional harvest season and contributing to the diversity of the local farming economy

 

Agriculture plays a central role in Wabash County’s economy and way of life. The county’s fertile soils and gently rolling landscape make it ideal for row crop farming, with corn and soybeans as the dominant crops. Many farms also produce wheat and other small grains, contributing to a well-rounded agricultural base. Family farms are common, and generations of farmers have helped maintain Wabash County’s strong ties to traditional, sustainable farming practices. Livestock operations, though smaller in scale, also contribute to the local ag economy, and the presence of grain elevators and ag service providers supports the region’s overall productivity.

 

In terms of land demand, Wabash County remains a steady and attractive market for buyers seeking quality farmland, recreational tracts, or rural homesteads. Its combination of productive soils, rural charm, and proximity to larger towns makes it appealing for both farmers looking to expand and individuals seeking investment or recreational land. While not among the highest-volume counties for land listings, properties in Wabash County often draw interest due to their long-term value and agricultural potential.

History & Background of Wabash County, Indiana

 

County Seat: Wabash

Townships: Noble / Chester / Lagro / Liberty / Paw Paw / Pleasant / Waltz

History: Founded in January 1820 and officially organized in 1835; the name comes from the Wabash River.

Population: 30,976

Cities & Towns: La Fontaine / Lagro / Laketon / Liberty Mills / North Manchester / Roann / Servia

Acreage: 269,431

 

According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Wabash County, Indiana.

The 2022 Ag Census for Wabash County, Indiana, reported the following crop statistics:

 

Number of farms: 635

Land in farms (acres): 186,071

Average farm size (acres): 293

Total market value of products sold: $394,401,000

Government payments: $2,048,000

Farm-related income: $11,448,000

Total farm production expenses: $286,235,000

Net cash farm income: $121,661,000

 

 

 

Sources / Citations:

 

Source 1:

“United States Department of Agriculture.” USDA, www.nass.usda.gov/Statistics_by_State/Indiana/Publications/County_Estimates/index.php#:~:text=Access%20Quick%20Stats%20Lite,to%20NASS%20Surveys%20and%20Programs. Accessed 2 July 2025.

 

Source 2:

“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18169.pdf. Accessed 2 July 2025.

 

 

*The transaction and land sales data/information contained in this report was obtained from publicly available sources and sales disclosures deemed accurate and reliable but not guaranteed, no liability for accuracy, errors or omissions is assumed by Geswein Farm & Land Realty, LLC

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