Fountain County, Indiana
2024 Land Sales Report
In Fountain County, land prices climbed once again in 2024, but the rapid appreciation seen in recent years seems to be slowing down entering 2025.
If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Johnny Klemme today at (765) 427-1619
Average Price of Land*
$14,125/acre
Jan. – Dec. 2024*
As high as $19,100/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $14,125/acre and the price per productivity index point was $165.68 in 2023 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $19,100 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, there is nearly $11 million worth of land – spanning about 1,000 acres – is currently for sale in Fountain County, Indiana. Out of Indiana’s 92 counties, Fountain County ranks 83rd in terms of total land listed on the market. Among its towns, Veedersburg has the largest amount of land available for sale. Economically, the county is primarily driven by manufacturing and related industries. Covering 397 square miles, Fountain County is the 50th largest in the state and is situated in Indiana’s western region.
The most recent USDA farmland census reveals that Fountain County has approximately 192,752 acres of farmland. The county’s average farm size is around 438 acres, with over 440 farms operating within its borders. Corn and soybeans are the predominant crops, contributing significantly to the local agricultural economy. The census also indicates that the majority of farm operators in Fountain County are family-owned businesses, emphasizing the importance of agriculture to the community’s heritage and economy.
Overview of Fountain County Agriculture
Location and Geography: Fountain County is located in the west central part of Indiana, with XX
Major Crops:
- Corn
- Soybeans
Agricultural production is the lifeblood of Fountain County. The average farm spans a substantial 422 acres, with nearly 85% of farmland used as harvested cropland. The county ranks as a strong producer of corn and soybeans. The county benefits from highly productive land values and robust cash rent rates, as confirmed by Purdue’s farmland assessments.
History & Background of Fountain County, Indiana: Home of the Badlands Off Road Park
County Seat: Covington
Townships: Cain / Davis / Fulton / Jackson / Logan / Millcreek / Richland / Shawnee / Troy / Van Buren / Wabash
History: Named for Major Fountain of Kentucky, killed at Ft. Wayne
Population: 16,574
Cities & Towns: Attica / Cates / Covington / Fountain / Hillsboro / Kingman / Lake Holiday / Mellott / Newtown / Riverside / Rob Roy / Silverwood / Stone Bluff / Stringtown / Veedersburg / Wallace / Yeddo
Acreage: 253,226
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Fountain County, Indiana.
The 2022 Ag Census for Fountain County, Indiana, reported the following crop statistics:
Number of farms: 440
Land in farms (acres): 192,752
Average farm size (acres): 438
Total market value of products sold: $175,818,000
Government payments: $1,223,000
Farm-related income: $9,058,000
Total farm production expenses: $116,810,000
Net cash farm income: $69,289,000
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 8 July 2024.
Source 2:
“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18029.pdf. Accessed 8 July 2024.
*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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