July 5, 2023 - Written By Geswein Farm & Land
Central Indiana Land Values 2023
What are farmland values & cash rent rates in Central Indiana?
The farmland real estate market has seen quite the upturn since 2020, with some areas experiencing a bit of market corrections in 2023. The transactions shown below are a sample of farms & land that are at least 75% tillable and sold between March 2022 – February 2023. While there are many factors that affect the value and price per acre by county and region, if you’d like to know more about a specific land sale, or if your county is not listed, we can prepare a land values report just for you.
Below we’ve taken a closer look at actual farmland sales & auctions that were publicly reported to give you a more accurate view of the price per acre in your local area.
Want more specific data? Request a Free Land Values Report or Market Analysis Here >
We’ll update this land values report with more details and this link to the Purdue University PAER Land Values Survey also released in August 2023.
What’s the value of farmland near me?
Interested in land values in your county or the value of your own farm?
Check out the most comprehensive look at farm & land sales across Indiana & Illinois in the 2023 Land Values Journal
Read the Digital Edition here >
All maintaining strong cash rent rates, here are more details about the Central Region’s counties (19):
Bartholomew | Click here to request a land values report for Bartholomew County
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- Total Acreage: 262,400 acres
- Farmland: 160,437 acres
- Major Crops: corn, soybeans, grassland
- Specialty Crops: wheat, hay
- Watersheds: Mitchell Watershed, Bedford Watershed, Salt Creek Watershed, Bloomington Watershed
- Waterways: Driftwood River, Flatrock River, Nineveh Creek, Salt Creek, White River
- Nature Preserves: Touch the Earth Natural Area, Tangeman Woods and Outdoor Lab, Anderson Falls, Lebline Woods Nature Preserve
- Wind Farms: 0
Boone | 2023 Average Price Per Acre $18,485
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- Highest Price Per Acre: $40,863
- Total Acreage: 270,880 acres
- Farmland: 230,029 acres
- Major Crops: soybeans, corn, alfalfa
- Specialty Crops: popcorn, hay
- Watersheds: Sugar Creek, Raccoon Creek, Eel River, West Fork White River
- Waterways: Sugar Creek, Goldsberry Creek, Wolf Creek, Brush Creek, Eagle Creek, White Lick Creek, Big Walnut Creek
- Nature Preserves: Sam Ralston Trailhead of Big Four Trail, Zion Nature Sanctuary
- Wind Farms: 0
Clinton| 2023 Average Price Per Acre $13,915
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- Highest Price Per Acre: $21,162
- Total Acreage: 259,245 acres
- Farmland: 247,005 acres
- Major Crops: corn, soybeans
- Specialty Crops: wheat, hay
- Watersheds: Wildcat Creek, Sugar Creek
- Waterways: Kilmore Creek, Little Potato Creek, Kilmore Creek, Prairie Creek, Sugar Creek
- Nature Preserves: Bryan Memorial Nature Preserve, Phil & Joan Ferguson Nature Preserve
- Wind Farms: 0
Decatur | Click here to request a land values report for Decatur County
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- Total Acreage: 238,912 acres
- Farmland: 201,929 acres
- Major Crops: corn, soybeans
- Specialty Crops: wheat, barley
- Watersheds: Laughery Creek, East Fork White River above, East Fork White River below, Whitewater River, Muscatatuck River
- Laughery Creek, East Fork White River above, East Fork White River below, Whitewater River, Muscatatuck River
- Waterways: Flatrock River
- Nature Preserves: Charles L Buell Trail, Calli Nature Preserve, Guthrie Woods Nature Preserve, Cali Nature Preserve-Rock Rest Falls
- Wind Farms: 0
Fayette | Click here to request a land values report for Fayette
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- Total Acreage: 137,728 acres
- Farmland: 85,928 acres
- Major Crops: soybeans, corn
- Specialty Crops: pumpkins
- Watersheds: Bedford Watershed, Mitchel Watershed, Greensburg Watershed
- Waterways: Whitewater River
- Nature Preserves: Shrader-Weaver Woods
- Wind Farms: 0
Franklin | Click here to request a land values report for Franklin County
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- Total Acreage: 250,240 acres
- Farmland: 133,021 acres
- Major Crops: corn, soybeans, grassland
- Specialty Crops: wheat, hay
- Watersheds: Osgood Watershed, Versailles Water Works
- Waterways: Brandywine Creek, Whitewater River
- Nature Preserves: Big Oaks National Wildlife Refuge, Cikana State Fish Hatchery
- Wind Farms: Franklin County Wind Farm, 60 turbines, 100 Megawatts of energy
Hamilton | Click here to request a land values report for Hamilton County
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- Total Acreage: 252,403 acres
- Farmland: 127,277 acres
- Major Crops: soybeans, corn
- Specialty Crops: popcorn, hay, wheat
- Watersheds: White River, Fall Creek, Eagle Creek
- Waterways: Cicero Creek, Fall Creek, Pipe Creek, White River
- Nature Preserves: Nonie Werbe Krauss Preserve, Ritchey Woods Nature Preserve, Burr Oak Bend Nature Preserve
- Wind Farms: 0
Hancock | Click here to request a land values report for Hancock County
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- Total Acreage: 196,480 acres
- Farmland: 169,656 acres
- Major Crops: corn, soybeans
- Specialty Crops: hay, wheat
- Watersheds: Bedford Watershed, Mitchel Watershed, Indianapolis- Fall Creek
- Waterways: Big Blue River, Fall Creek, Flatrock River, Sugar Creek, White River
- Nature Preserves: Jacob Schramm Nature Preserve
- Wind Farms: 0
Hendricks | 2023 Average Price Per Acre $12,076
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- Highest Price Per Acre: $25,352
- Total Acreage: 261,760 acres
- Farmland: 152,836 acres
- Major Crops: soybeans, corn
- Specialty Crops: alfalfa
- Watersheds: Upper White Watershed, Eel Watershed
- Waterways: White Lick Creek, Mud Creek
- Nature Preserves: McCloud Nature Park, Sodalis Nature Park, Burnett Woods
- Wind Farms: 0
Henry | 2023 Average Price Per Acre $11,601
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- Highest Price Per Acre: $23,864
- Total Acreage: 252,800 acres
- Farmland: 168,469 acres
- Major Crops: corn, soybeans, grassland
- Specialty Crops: hay
- Watersheds: American Water, White River North, Fall Creek, Flatrock River and Upland Reservoir, Bedford Watershed, Mitchell Watershed (East Fork White River)
- Waterways: Big Blue River, Fall Creek, Flatrock River, Sugar Creek, White River
- Nature Preserves: Zeigler Woods, Trojan Woods
- Wind Farms: 0
Howard | 2023 Average Price Per Acre $10,940
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- Highest Price Per Acre: $13,924
- Total Acreage: 187,584 acres
- Farmland: 145,720 acres
- Major Crops: corn, soybeans, alfalfa, wheat
- Specialty Crops: tomatoes, watermelon
- Watersheds: Wabash River, Wildcat Creek
- Waterways: Pipe Creek, Wildcat Creek
- Nature Preserves: Waterworks Portage, Yeoman Bridge
- Wind Farms: 0
Johnson | Click here to request a land values report for Johnson County
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- Total Acreage: 205,069 acres
- Farmland: 141,111 acres
- Major Crops: corn, soybeans, grassland
- Specialty Crops: wheat, hay
- Watersheds: Youngs Creek
- Waterways: Big Blue River, East Fork White River, Sugar Creek, West Fork of White River
- Nature Preserves: Glacier’s End Nature Preserve
- Wind Farms: 0
Madison | 2023 Average Price Per Acre $13,048
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- Highest Price Per Acre: $35,663
- Total Acreage: 289,920 acres
- Farmland: 207,814 acres
- Major Crops: corn, soybeans, grassland
- Specialty Crops: tomatoes, peppers, canola, wheat, popcorn, hay
- Watersheds: Upper White River Watersheds
- Waterways: Fall Creek, Pipe Creek, Sugar Creek, White River
- Nature Preserves: Rangeline Nature Preserves
- Wind Farms: Wildcat, 125 turbines, 200 Megawatts of energy
Marion | Click here to request a land values report for Marion County
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- Total Acreage: 257,920 acres
- Farmland: 17,371 acres
- Major Crops: corn, soybeans, alfalfa, wheat
- Specialty Crops: sorghum
- Watersheds: Upper White River Watershed
- Waterways: West Fork of the White River
- Nature Preserves: Harrison State Park, Lawrence Creek Nature Preserve
- Wind Farms: 0
Rush | 2023 Average Price Per Acre $13,868
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- Highest Price Per Acre: $27,600
- Total Acreage: 261,760 acres
- Farmland: 211,315 acres
- Major Crops: corn, soybeans
- Specialty Crops: wheat
- Watersheds: Greensburg watershed, Mitchell Watershed, Bedford watershed
- Waterways: Flatrock River
- Nature Preserves: Wolf Creek Habitat and Rescue
- Wind Farms: 0
Shelby | 2023 Average Price Per Acre $18,849
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- Highest Price Per Acre: $64,135
- Total Acreage: 264,320 acres
- Farmland: 220,477 acres
- Major Crops: corn, soybeans
- Specialty Crops: hay, wheat, popcorn
- Watersheds: Bedford Watershed, Mitchel Watershed
- Waterways: Big Blue River, Brandywine Creek, Conns Creel, Flatrock River, Sugar Creek
- Nature Preserves: Meltzer Woods
- Wind Farms: 0
Tipton | 2023 Average Price Per Acre $13,380
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- Highest Price Per Acre: $26,471
- Total Acreage: 302,720 acres
- Farmland: 161,345 acres
- Major Crops: soybeans, corn
- Specialty Crops: tomatoes, hay, wheat, popcorn
- Watersheds: Wildcat Creek, West Fork White River above Morris Street Gage
- Waterways: Cicero Creek
- Nature Preserves: Kirkendall Gamebird Habitat Area
- Wind Farms: Wildcat Wind Farm, 125 turbines, 200 Megawatts
Union | Click here to request a land values report for Union County
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- Total Acreage: 103,040 acres
- Farmland: 83,024 acres
- Major Crops: corn, soybeans
- Specialty Crops: hay, wheat
- Watersheds: Lower Great Miami
- Waterways: Whitewater River
- Nature Preserves: Hornbeam Nature Preserve
- Wind Farms: 0
Wayne | 2023 Average Price Per Acre $9,199
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- Highest Price Per Acre: $29,747
- Total Acreage: 258,560 acres
- Farmland: 163,494 acres
- Major Crops: soybeans, corn
- Specialty Crops: hay
- Watersheds: Middle Fork Reservoir
- Waterways: Elkhorn Creek, Whitewater River
- Nature Preserves: Wapi-Nipi Nature Preserve
- Wind Farms: 0
The total land acres for the county are about 4,513,741 acres.
The total farmland acres for the county are about 3,028,258 acres.
Indiana, located in the heart of the Midwest, is primarily known for growing corn and soybeans. Several farmers also grow other specialty crops. The Central Region is comprised of 19 counties which means a wide variety. These countries primarily grow corn, soybeans, grassland, wheat, and alfalfa. Specialty crops include tomatoes, pumpkins, sorghum, and peppers. Along with these crops are a few wind farms and many major creeks, rivers, and watersheds.