Jay County, Indiana
2024 Land Sales Report
Jay County experienced ongoing land value growth through 2024, though recent indicators suggest a stabilization could be underway in 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*
$9,869/acre
Jan. – Dec. 2024*
As high as $13,430/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $9,869/acre and the price per productivity index point was $162.97 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $13,430 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, Jay County doesn’t currently have a lot of land on the market compared to other Indiana counties—it ranks near the bottom at 90th out of 92 for total acreage listed for sale. Still, there are nearly 1,000 acres of farmland and rural property up for grabs, with most of those listings centered around Portland. Located in the eastern part of the state, Jay County spans about 384 square miles, making it the 59th largest county in Indiana.
The most recent USDA farmland census reveals that Jay County had 801 farms managing nearly 199,000 acres, with about 179,900 acres in cropland and much smaller amounts dedicated to pasture (2,400 acres), woodland (10,500 acres), and other uses. Farms here average around 248 acres, slightly smaller than the previous census cycle, and producers often use soil-friendly practices: approximately 43% of farms employ no-till, about 21% use reduced-till, and 12% utilize cover crops. Livestock production dominated the county’s agricultural sales – 73% of revenue – with poultry and hogs being particularly prominent. Crop sales still play a notable role, contributing around 27% of farm income, largely through soybeans, corn, and smaller volumes of wheat, forage, and silage crops.
Overview of Jay County Agriculture
Location and Geography: Jay County sits on Indiana’s eastern border, neighboring Ohio, and features gently rolling, mostly agricultural terrain dedicated almost entirely to farming and rural communities; its highest elevation is just over 1,100 ft in the southeast near Ohio.
Major Crops:
- Corn (for grain) is a key crop in Jay County, occupying tens of thousands of acres and produced for grain markets, livestock feed, and ethanol.
- Soybeans are the county’s top crop by acreage, widely planted and used for food production, oil, and animal feed.
- Wheat is grown more modestly, often as part of rotation systems to support soil health and supply flour markets.
Jay County holds about 801 farms working nearly 199,000 acres, with cropland making up approximately 179,700 acres and pasture and woodland covering the rest. Farmers use conservation practices such as no-till and cover crops on a good portion of acreage to maintain soil health and productivity. Though it ranks 90th out of 92 counties in Indiana for the amount of farmland currently listed, demand remains steady– the limited supply highlights the value placed on quality agricultural land. Most listings cluster around Portland, which sees the highest volume of farm and rural properties marketed. Buyer interest is driven by the counties strong crop base and reliable farmland conditions.
History & Background of Jay County, Indiana
County Seat: Portland
Townships: Bearcreek / Greene / Jackson / Jefferson / Knox / Madison / Noble / Penn / Pike / Richland / Wabash / Wayne
History: Formed in 1836; named for John Jay, founding father and first Chief Justice of the United States.
Population: 20,478
Cities & Towns: Portland / Bryant / Dunkirk / Pennville / Redkey / Salamonia
Acreage: 246,000
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Jay County, Indiana.
The 2022 Ag Census for Jay County, Indiana, reported the following crop statistics:
Number of farms: 801
Land in farms (acres): 198,780
Average farm size (acres): 248
Total market value of products sold: $602,966,000
Government payments: $1,291,000
Farm-related income: $10,018,000
Total farm production expenses: $420,591,000
Net cash farm income: $193,684,000
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/cp18075.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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