Grant County, Indiana
2024 Land Sales Report
Grant County saw land prices continue to rise in 2024, although the pace appears to be softening slightly as we progress through 2025.
If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Ryan Kull today at (812) 881-6575.
Average Price of Land*
$13,818/acre
Jan. – Dec. 2024*
As high as $15,884/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $13,818/acre and the price per productivity index point was $185.21 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $15,884 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.
According to Land.com, about $22 million worth of land and rural properties were listed for sale in Grant County, Indiana. Altogether, that came to roughly 1,000 acres. Out of Indiana’s 92 counties, Grant County ranks 53rd in terms of total land currently on the market. Marion, the county seat, had the most land listings in the area. In terms of size, Grant County is the 33rd largest county in the state, covering 414 square miles. It’s part of Indiana’s East region, known for its mix of farmland, small towns, and open space.
The most recent USDA farmland census reveals that Grant County’s farming landscape has been going through some changes in recent years. The number of farms in the county dropped to 334 – down 17% from five years earlier. At the same time, the total farmland shrank to around 794,000 acres, though the average farm size actually grew to about 2,379 acres. Farming here is still very much a family affair, with 96% of farms being family-operated. Economically, the county’s farms brought in around $15.6 million in 2022, with most of that – about $14.3 million – coming from livestock and poultry. Crop sales made up a smaller slice, around $1.27 million. Interestingly, government payments to farms more than tripled since 2017, reaching $3.35 million. But despite that boost, overall net cash income dropped sharply – from $3.3 million to just $1.5 million. The number of producers also declined, from 777 to 646, and the average age of farmers continues to climb, with a growing portion now over 65. While the farming tradition remains strong, it’s clear that agriculture in Grant County is facing both economic and generational shifts.
Overview of Grant County Agriculture
Location and Geography: Grant County is located in east-central Indiana, about halfway between Indianapolis and Fort Wayne. The county features mostly flat to gently rolling terrain, with rich farmland, several creeks, and the Mississinewa River running through it.
Major Crops:
- Corn: One of the leading crops grown in Grant County.
- Soybeans: Widely planted across the county and serve as a key cash crop for oil, animal feed, and export.
- Hay: Commonly grown to support local livestock operations and is often used for feeding cattle and horses.
- Wheat: Produced on a smaller scale and typically planted in rotation with corn and soybeans to maintain soil health.
Grant County’s agricultural scene reflects a broader trend of consolidation: the 2022 USDA Census of Agriculture recorded 334 farms – about 17% fewer than in 2017 – managing roughly 794,500 acres of farmland, an 11% decline. Although the total acreage has decreased, average farm size rose to around 2,379 acres, showing that farms are getting larger even as they become fewer. Most farms remain family-operated, and while livestock and poultry dominate production value, crop sales (including hay, fruits, nursery plants) contribute too. Government support payments have grown significantly, though net farm income has declined.
On the land market side, demand remains strong despite limited supply – land listings in Grant County typically average around $25,000 per acre, well above the state average. Recent listings show about 1,000 acres of farmland currently on the market, suggesting a competitive environment even though overall available acreage is modest compared to other counties. This combination of rising prices, few listings, and steady interest indicated solid demand for rural real estate in the area.
History & Background of Grant County, Indiana
County Seat: Marion
Townships: Center / Fairmount / Franklin / Green / Jefferson / Liberty / Mill / Monroe / Pleasant / Richland / Sims / Van Buren / Washington
History: Established in 1831; Named after Captains Samuel and Moses Grant, military officers killed north of the Ohio River
Population: 66,674
Cities & Towns: Fairmount / Fowlerton / Gas City / Jonesboro / Marion / Matthews / Swayzee / Sweetser / Upland / Van Buren
Acreage: 265,536
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Grant County, Indiana.
The 2022 Ag Census for Grant County, Indiana, reported the following crop statistics:
Number of farms: 457
Land in farms (acres): 159,502
Average farm size (acres): 349
Total market value of products sold: $167,757,000
Government payments: $540,000
Farm-related income: $5,469,000
Total farm production expenses: $110,282,000
Net cash farm income: $63,485,000
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/cp18053.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
Thinking About Selling?
Need Advice?
Get the guidance, service, and professional expertise you deserve.
- Family Farm Advisory for Succession Planning
- Undivided Interests & Tenants in Common
- Farmland Management Decisions
- Auctions & Listing
With our full-time experienced team, you’ll get our ‘boots on the ground’ work ethic paired with the latest in digital technology & national marketing reach – for best-in-class service and results.
Because you deserve more value.
Contact Us