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Marshall County, Indiana
2024 Land Sales Report

In Marshall County, Indiana, land prices rose significantly into 2024, but the pace of growth appears to be slowing as the market enters a more stable phase 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.

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Average Price of Land*

$12,138/acre
Jan. – Dec. 2024*

As high as $14,913/acre

in 2024*

Land Market Commentary & Local Trends

Overall, the average price of farmland was $12,138/acre and the price per productivity index point was $162.52 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $14,913 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, nearly 1,000 acres of land went up for sale in Marshall County, Indiana, with a total value of around $34 million. While it’s not the top-ranking area for land listings, according to Land.com, Marshall County still comes in at 52nd in the state for the number of acres currently on the market. If you’re looking at rural properties—like farms or hunting land—Plymouth has the most listings in the county. For a bit of context, Marshall County is the 24th largest in Indiana, covering about 449 square miles, and it’s tucked away in the northern part of the state.

 

The most recent USDA farmland census reveals that in Marshall County, the average farm spans about 243 acres, with each farm selling roughly $74,800 in agricultural products. Most of the land in farms—over 82%—is harvested cropland, and a small portion (about 5%) is irrigated. Crop sales average around $237 per acre, and livestock-related products make up about 37% of farm revenue. Farm expenses mirror sales, averaging roughly $72,500 per farm, while machinery and equipment investments average around $68,500. About 90% of these farms are run by individuals or families, and the typical farmer is around 53 years old. Major crops include corn (harvested on approximately 81,900 acres), soybeans (68,900 acres), and wheat (2,300 acres), along with minimal vegetable and orchard acreage.

 

Overview of Marshall County Agriculture

 

Location and Geography: Marshall County is located in northern Indiana, covering about 449 square miles of mostly flat to gently rolling terrain, with a mix of farmland, woodlands, and small lakes.

 

Major Crops:

 

  1. Corn: The most widely grown crop throughout Marshall County, thriving in the county’s fertile soils and making up a large portion of the agricultural acreage used for both grain and livestock feed.
  2. Soybeans: Another dominant crop across Marshall County, commonly rotated with corn and valued for their adaptability to the local growing conditions.
  3. Wheat: Grown on a smaller scale but is still an important crop in various parts of the county, often planted as a winter crop to support soil health and diversify farm income.

 

Marshall County’s agriculture is firmly anchored in crop and livestock production. Corn, soybeans, and wheat dominate the landscape, occupying approximately 82% of farmland as harvested cropland, with around 5% irrigated. The average farm spans roughly 243 acres and focuses on both crop yields and livestock, which contributes roughly 37% of farm revenue. Nearly 90% of these farms are family-owned, indicating a strong tradition of generational stewardship, with the average farmer around 53 years old.

 

The land market in Marshall County remains competitive. Across Indiana and much of the Midwest, farmland prices recently hit record highs, pushed by limited land availability and steady demand—driven both by active farmers and outside buyers—despite headwinds from rising interest rates and squeezed farm profits.

 

History & Background of Marshall County, Indiana

 

County Seat: Plymouth

Townships: Bourbon / Center / German / Green / North / Polk / Tippecanoe / Union / Walnut / West

History: Established in 1836, named for Chief Justice John Marshall

Population: 46,095

Cities & Towns: Argos / Bourbon / Bremen / Culver / La Paz / Plymouth

Acreage: 287,833

 

According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Marshall County, Indiana.

The 2022 Ag Census for Marshall County, Indiana, reported the following crop statistics:

 

Number of farms: 779

Land in farms (acres): 201,037

Average farm size (acres): 258

Total market value of products sold: $262,735,000

Government payments: $1,342,000

Farm-related income: $6,613,000

Total farm production expenses: $183,988,000

Net cash farm income: $86,701,000

 

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/cp18099.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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