Fulton County, Indiana
2024 Land Sales Report
Following several strong years of growth, Fulton County, Indiana saw land prices climb again in 2024, though the market now seems to be reaching a more stable footing in 2025.
If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Craig Stevenson today at (574) 870-4383.
Average Price of Land*
$10,102/acre
Jan. – Dec. 2024*
As high as $12,055/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $10,102/acre and the price per productivity index point was $147.22 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $12,055 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
Recently, about $9 million worth of land and rural estate was listed for sale in Fulton County, Indiana, according to Land.com. While Fulton County ranks 80th in the state for total land on the market, the Rochester area had the most listings. The local economy is largely driven by manufacturing and related services, making it a key sector for the area. Fulton County is the 65th largest county in Indiana, spanning 371 square miles, and it’s located in the northern part of the state.
The most recent USDA farmland census reveals that Fulton County had approximately 368,390 acres of land, with the vast majority used as cropland, reflecting the county’s focus on traditional farming. The average farm size is about 313 acres, larger than the state average, emphasizing larger-scale operations. Farmers sold an average of $231 in crops per acre, translating to more than $85,000 in annual crop sales per farm, while livestock accounted for around 26% of the county’s total agricultural market value. The USDA also reports robust participation in federal programs: from 1995 to 2023, Fulton County producers received over $208 million in USDA payments – including commodity, conservation, disaster, and crop insurance support. These findings illustrate that Fulton County agriculture is firmly grounded in row-crop production, with strong financial ties to livestock and consistent engagement with USDA support programs.
Overview of Fulton County Agriculture
Location and Geography: Fulton County is located in northern Indiana, positioned roughly 70 miles northeast of Indianapolis. It covers about 371 square miles of predominantly flat terrain, with rich agricultural soils and a network of small rivers and creeks.
Major Crops:
- Corn: Fulton County’s crop landscape is dominated by corn. It is often planted on the vast majority of arable land.
- Soybeans: This is the county’s second major crop, frequently rotated with corn to maintain soil fertility and reduce pest issues. Farmers rely on them for oil, protein meal, and as a cash crop.
Fulton County remains a stronghold for traditional row-crop farming, with corn and soybeans comprising the overwhelming majority of the 368,390 acres of farmland reported in the 2022 USDA Census of Agriculture. Livestock operations add further resilience, representing roughly 26% of the county’s total agricultural market value, while conservation and disaster assistance programs from USDA bolster economic stability.
Fulton County’s rural land listings average about 33 acres per parcel. Statewide, Indiana farmland values are trending upward as of mid-2024. These elevated values are driven by robust commodity prices, constrained land availability, and interest from investors and developers – especially in areas near interstates or urban fringes. Fulton County’s market reflects these trends, where farmland retains strong value and attracts diverse buyers, including farmers, investors, and conservation-minded purchasers.
History & Background of Fulton County, Indiana
County Seat: Rochester
Townships: Aubbeenaubbee / Henry / Liberty / Newcastle / Richland / Rochester / Union / Wayne
History: Founded in 1836, named after Robert Fulton – the inventor of the steamboat
Population: 20,480
Cities & Towns: Akron / Fulton / Kewanna / Rochester
Acreage: 237,440
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Fulton County, Indiana.
The 2022 Ag Census for Fulton County, Indiana, reported the following crop statistics:
Number of farms: 636
Land in farms (acres): 181,860
Average farm size (acres): 286
Total market value of products sold: $195,306,000
Government payments: $1,223,000
Farm-related income: $5,995,000
Total farm production expenses: $139,110,000
Net cash farm income: $63,414,000
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/cp18049.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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